Michael Hudson giving a wonderfully concise explanation of US economic policy and De-Dollarization. This is an important conversation for every Bitcoiner.
Why #bitcoin is necessary to save the world
I think itâs exciting that thousands of people who have never looked at the White Paper probably went looking for it on their computers. Maybe some of them even read it
I think there are several things to consider with this question.
1. Nuclear energy is very expensive. âA 2014 analysis by the financial advisory firm Lazard captures the economics holding back nuclear expansion. Lazard pegs the cost of building nuclear capacity in the United States at $5.4 million to $8.4 million per megawatt. Adding operating, maintenance, and fuel costs yields an average lifetime cost of $92 to $132 for every megawatt-hour generated. That is far above the unsubsidized costs of utility-scale solar power ($72 to $86 per megawatt-hour) and onshore wind ($37 to $81 per megawatt-hour).
Power from new natural-gas-fired plants is also far cheaper than nuclear at $61 to $87 per megawatt-hourâ Fairley, MIT Tech Review.
2. Nuclear power (and any base load station) is universally subsidized by governments as a public service. Power production was partially socialized years ago because private companies ran with their monopolies and couldnât resist the temptation to price gouge. Prices that we pay across the country are subsidized by public spending. Without this socialization of energy and its infrastructure for the public good, construction is prohibitively expensive.
3. Nuclear energy is also subsidized by the military for the benefit of the military industrial complex. The added cost of maintenance is justified by the desire to maintain a nuclear arsenal.
4. Most importantly, we can already not trust corporations to prioritize safety over profits. We donât even trust other governments with the technology. The worst potential example of this would be corporations in possession of nuclear energy. The potential for nuclear meltdowns, explosions, the sale of enriched material, etc, would be inevitable.
A nuclear plant built privately for the mining of BTC would not make financial sense, and it would not make sense for the society to allow. That said, a minerâs selective draw from an existing nuclear plant makes tons of sense, and many miners find cheap electricity this way. Make no mistake though, this is energy that is subsidized by government. As much as many of us here advocate for decentralization of many systems, we are all the beneficiaries of social subsidies without which life within a community would not be possible.
Tax deferred accounts are designed to keep the masses laboring until 65 or 70. Theyâre not for your benefit. The longer people labor without the security of their stored energy, the longer the billionaire class can siphon off their economic rents.
If your labor value is locked somewhere, it is no longer your labor value, and it functions to fluff the equities market for the rich, and to provide management fees for the financial sector.
Do you want Fidelity holding your stack of paper KYC Bitcoin for 40 years, and do you trust the government not to change their tax policies on BTC or IRAâs between today and 2060?
Get that Bitcoin, and hold your own keys. Take the hit. This is totally financial advice.
.. / -.. --- / -. --- - / -.- -. --- .-- / .-- .... .- - / - .... .- - / .. ... --..-- / -... ..- - / -... .. - -.-. --- .. -. / .. ... / - .... . / ... .... .. - .-.-.-
Hey Government, you hate BTC because youâre so environmentally conscious?
âThe US Department of Defense consumes more petroleum than any institution in the world.â
https://www.them.us/story/protecting-the-planet-requires-ending-us-imperialism
Without economic positioning between our billionaires and their billionaires, there would be no need for unrest between countries. A Chinese man, a Russian man, and an American man have the same motivations and interests, and have no reason to have a hate on one another beyond that manufactured and for and fed to them by the class of people that need their consent for endless war and maneuvering.
To push back on this economic system that rewards unrest, we must decline to harbor any manufactured beliefs toward our brothers abroad.
The mass media serve as a system for communicating messages and symbols to the general populace. It is their function to amuse, entertain, and inform, and to inculcate individuals with the values, beliefs, and codes of behavior that will integrate them into institutional structures of the larger society. In a world of concentrated wealth and major conflicts of class interest, to fulfill this role requires systematic propaganda.
Manufacturing Consent.
Noam Chomsky
Bombshell of a first sentence.
BIPâs that focus on fungibility and privacy are most important before governments decide they want to participate and regulate. Scaling should take a back seat
âThe rich are rich because of tenacity, virtue, and hard workâ
âŚis a myth peddled by the 1%, to justify their position over the masses and to indoctrinate everyone else with a personal guilt about their miserable position in society.
Most rich are rich because of theft, monopolies and inheritance. Capitalism doesnât defend hard work. It defends the consolidation of wealth against the masses who aspire to it. Satoshi tried to tell us in the Genesis Block.
If your politics are in line with your views 5, 10, 15 years ago, it probably isnât because you hit the mail on the head in your youth. Itâs probably because you are not reading and learning.
âI read things that make me feel good about what I already believe. I donât want my mind changed.
-most people
https://threatpost.com/protonmail-log-ip-address-french-activist/169242/
I retract the previous post, Tutanota seems to be the only one left?
We should find other alternatives to email. Privatizing email is still putting lipstick on a pig.
There is a great difference between received truth, and demonstrated truth.
The received truth that my mother knows, is that fiat has value.
The demonstrated truth that I know, is that #Bitcoin has value
In case youâre too new to have ever appreciated the best Bitcoin Introduction to have ever been presented.
ââŚfreedom is not an abstract philosophical concept, but the vital concrete possibility for every human being to bring to full development all the power, capacities, and talents with which nature has endowed him, and turn them to social account. The less this natural development of man is influenced by ecclesiastical or political guardianship, the more efficient and harmonious will human personality become, the more will it become the measure of the intellectual culture of the society in which it has grown.â
Daniel Guerin
Anarchism
I ought to post my sad, empty cup to make you feel better