Oddbean new post about login | logout No bitcoiner should own any stocks. The stock market is why ppl are poor. Bitcoiner that hold stocks are part of the problem. Bitcoiners need to stop feeding the beast and also rhey need to stop using credit card companies because thats why we in tgis problem to begin with. Bitcoiners want to change the world but keep feeding the beast through stock markets But who am i to say right hahahaha
Bitcoiners should start thinking like this if not we not goona change shit nostr:nevent1qqspu76z53y0vn9ly2097qs503wp37ew8ums7eqtapgjhjpavfhgrhspr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyzvq68axgcxczlz6xeqd4w670p398ykhlcq0y8f9d65kvx70dckqgqcyqqqqqqgvyazvs
Stocks have important function in economy. The problem is money printing which creates artificial bubbles in financial markets. #Bitcoin fixes this!
No stocks they controlled by the feds and the create more stocks and ppl portfolios Depreciate and not your keys not your money stocks close and ipen at 9:30 to 5 like a business that steals from you and tax the shit out of you.. the world wont change till we dismantle the sto k market but ppl love the fiat incentives so NO THE FEDS WILL BE HERE
That important function is severely impaired by fiat debasement. When people use stocks to store value, corporations get basically unlimited money because they can use stock sales as a funding mechanism. This means the stocks are making the economy less efficient, as people allocate value to companies that their customers don't value. Prices of goods and services are a voting mechanism for the market to say, "make more of that!" If it sells, you're providing value. If it doesn't sell, the company needs to adapt or disappear so that other ideas can use their assets. Stocks allow corporations to bypass this competitive feedback, and thus inefficiencies build up in the economy. If fiat wasn't debased, it wouldn't be a problem, because value would be stored as money instead of stocks.