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Bitpower
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Bitcoins is the most hopeful story you will hear for generations to come.. Bitcoin also known as Bitpower.
Replying to Avatar jack

👀

58K incoming

DUTCH Crypto casino Bitvavo admits in call they prefer their customers NOT to use bitcoin as a means of payment but just as an investment. Transferring bitcoin to another address raises a flag in their surveillance chain analisys tool blocking your account and r follow up questions asking for the reasons behind the transaction. Mind you, these are transactions outside their own infrastructure. They claim they don’t want to be associated with criminal activities on the base chain.

I'm more hopeful. See how much stuff people are holding on too (also RIP George Carlin, best ever). They keep so much stuff and never seem to get rid of it. They even pass stuff on to their children. Surely there could be 12 words in there...

Had a discussion with a NRC employee last Friday about the reason I quit our NRC subscription. One key argument was their consistent inability to write about Bitcoin in an intellectual honest way. He did not agree. We ended our conversation there.

Imagine Jürgen Schaaf’s cognitive dissonance once he realizes that it was not the price of bitcoin increasing but the value of the currency decreasing.

Replying to Avatar Cyph3rp9nk

by nostr:npub13l3lyslfzyscrqg8saw4r09y70702s6r025hz52sajqrvdvf88zskh8xc2

This new paper is a true declaration of war: the ECB claims that early #bitcoin adopters steal economic value from latecomers. I strongly believe authorities will use this luddite argument to enact harsh taxes or bans. Check 🧵 for why:

Rather than praising bitcoin as a tech paradigm shift à la petroleum and the internet, the authors introduce the blatantly luddite argument that "early adopters" ... "increase their real wealth and consumption" ... "at the expense of [latecomers]".

Then they go on to brazenly advocate for legislation ... "to prevent bitcoin prices from rising or to see bitcoin disappear altogether" in order to prevent "the division of society".

The authors also model some projections, to illustrate the paltry amount of BTC that will remain available for latecomers. (Woe is me! Conspicuously left out is the reason that has driven 15 years of bitcoin adoption & development: it's simply better tech.)

In all the years I've been monitoring the bitcoin space, this is by far the most aggressive paper to come from authorities. The gloves are off. It's clear that these central bank economists now see bitcoin as an existential threat, to be attacked with any means possible.

Many of us have warned that this was coming: bitcoin as a major political fault line both in national and international elections. Well here it is. It means that us HODLers must take action to insure that governments respect our basic right to hold property.

And no, this won't be a war between haves and have-nots. Rather this will be a historic clash between those who stand for the natural rights of the individual, and those who clutch at the failed ideologies of collectivism and central planning.

Here's the download link to the paper: "The distributional consequences of Bitcoin". (We need detailed rebuttals. Who's writing one?)

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877

First the central planners warned the people not to touch bitcoin, they’d get rekt. Now they cry wolf cause the people they warned are left out 🤔

Replying to Avatar Cyph3rp9nk

by nostr:npub13l3lyslfzyscrqg8saw4r09y70702s6r025hz52sajqrvdvf88zskh8xc2

This new paper is a true declaration of war: the ECB claims that early #bitcoin adopters steal economic value from latecomers. I strongly believe authorities will use this luddite argument to enact harsh taxes or bans. Check 🧵 for why:

Rather than praising bitcoin as a tech paradigm shift à la petroleum and the internet, the authors introduce the blatantly luddite argument that "early adopters" ... "increase their real wealth and consumption" ... "at the expense of [latecomers]".

Then they go on to brazenly advocate for legislation ... "to prevent bitcoin prices from rising or to see bitcoin disappear altogether" in order to prevent "the division of society".

The authors also model some projections, to illustrate the paltry amount of BTC that will remain available for latecomers. (Woe is me! Conspicuously left out is the reason that has driven 15 years of bitcoin adoption & development: it's simply better tech.)

In all the years I've been monitoring the bitcoin space, this is by far the most aggressive paper to come from authorities. The gloves are off. It's clear that these central bank economists now see bitcoin as an existential threat, to be attacked with any means possible.

Many of us have warned that this was coming: bitcoin as a major political fault line both in national and international elections. Well here it is. It means that us HODLers must take action to insure that governments respect our basic right to hold property.

And no, this won't be a war between haves and have-nots. Rather this will be a historic clash between those who stand for the natural rights of the individual, and those who clutch at the failed ideologies of collectivism and central planning.

Here's the download link to the paper: "The distributional consequences of Bitcoin". (We need detailed rebuttals. Who's writing one?)

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877

Replace bitcoin with the central planners favorite monetary commodity gold and the hypocrisy becomes even more clear.