The ECB dropped a report effectively saying if Bitcoin appreciates in value that those owning it are maliciously extracting wealth from others. They're projecting.

Even the last person on the planet to adopt Bitcoin will be directionally better off once they make the shift.

We're protecting ourselves from pickpockets and the thieves are accusing us of stealing.

https://m.primal.net/LbDB.webp


I have a friend who refuses to own Bitcoin based on this same viewpoint.


It's such a silly argument, especially if that same person is trying to preserve their purchasing power in the fiat system as is.


Communists don't want people to earn/win. Otherwise they would lose control over people.


It really doesn't matter where somebody else started and where they are now. All that matters is where you are now and where you end up in the future.

Also so many people need to understand that a fixed supply currency against an increasing population and rising productivity will keep going up and up in purchasing power.


less bitcoin for them, more pump for us


EXACTLY THIS. As we properly allocate capital in a free market system, we are able to make increasing amounts of higher quality products with less effort. The money supply stays static while the supply of goods/services increases with human ingenuity. Everyone is better off.


Lololol. Fantastic.


Yes, Gaslighting Bitcoiners 🤣


That chain of thought is just mind boggling.


It's afraid.


Honestly, forget this report. It’s not worth the paper it’s printed on. Normally, it would be forgotten immediately if you all weren’t reporting on it. But somehow, some Bitcoiners seem to be too attention-seeking to simply ignore what is obviously false and worthless.

nostr:note1whjfxx30a6le9dd73z7mu59czexwgy8fag8u45d0x7ac4js9ewfqgnu980


The ECB dropped a report effectively saying if Bitcoin appreciates in value that those owning it are maliciously extracting wealth from others. They're projecting.

Even the last person on the planet to adopt Bitcoin will be directionally better off once they make the shift.

We're protecting ourselves from pickpockets and the thieves are accusing us of stealing.

https://m.primal.net/LbDB.webp

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


The ECB will be the last CB to buy, when it is the only way out of a Euro collapse.


Sounds like a temporarily embarrassed satillionaire.


nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 what was your prompt for the pic?


Yup.


What is the title of the report so I could find it quickly?


Onward 🫡

Onward 🫡


Something along the lines of a banker pickpocketing a person in a Bitcoin shirt, with adjustments after 😁


Freedom 😻

Freedom 😻


The distributional consequences of Bitcoin

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


Hi Ben, DM for you 🫂🎨


Extracting wealth from others? Do they mean from the central banks? Oh, yeah! 😎


This is gaslighting at its finest. I call these distractions to delay Bitcoin adoption.

It is not a matter of if, though, when.


Wake your friend up.

It isn’t theft [it is…?] from a system robbing, especially the poorer— blind!

The audacity is beyond.

The rhetoric and lies means there is plenty of fear regarding a new system that can shatter the old.


They don't understand the free market.


I think they're saying that because they want to be the only ones extracting wealth from the population via the money printer and inflation.


The ECB dropped a report effectively saying if Bitcoin appreciates in value that those owning it are maliciously extracting wealth from others. They're projecting.

Even the last person on the planet to adopt Bitcoin will be directionally better off once they make the shift.

We're protecting ourselves from pickpockets and the thieves are accusing us of stealing.

https://m.primal.net/LbDB.webp


Is your friend Christine Lagarde?


Let's go 🚀

Let's go 🚀


Stay Humble, Stack Sats. 🫡

Stay Humble, Stack Sats. 🫡


cute whoever he is


The ECB is corrupted. I wonder what's the salary of the person who wrote that report. Pretty sure is a significant extraction of wealth.


So they pay us when the price drops, right?

right?


Nice one 🫡

Nice one 🫡


Time to send does ECB dummies the books of Saifadean Ammous 😉👌


Onward 🫡

Onward 🫡


the manipulation of the normies' minds by all these institutions is never ending.