LOL! How could the critique of capitalism make life worse for anyone? There's not w single country in the world which has implemented a Marxist economy.
It's worth thinking about:
If #bitcoin eventually hits $100m/BTC, 1 sat will be worth $1.
That means the floor price for anything would be $1.
But at that price, the market cap for BTC will be $2,100,000,000,000,000 (2.1 quadrillion)
Seems possible considering how fast USD is tanking.
If you're pissed that #Trump made it this far without getting put in prison or in the ground, just admit you're a fascist who doesn't trust that the will of the people is actual democracy, and only your approved candidates are "democracy worthy".
I keep hearing liberals and Democrats talking about saving democracy while cheering on the assassination of Trump because they know #Biden cannot win. Instead of pointing out that it's undemocratic that Biden was forced on them, or the fact that political parties are inherently anti-democtatic as they thwart the will of the constituents through party-whip votes, they want to further errod the democratic process (if you can call it that) by removing the most popular of the two least popular options in modern history.
This is a utter farce. Voting is completely pointless.
#Elections2024
#Trump2024
#Biden2024
I agree. I definitely don't like the idea of the big money managers consolidating so much of a rare asset like Bitcoin, especially when it wasn't meant for them. But for so many people, it takes seeing the big institutions trust in it for them to trust it, too. It's the safe way to be intellectually lazy; waiting for approval from up above.
That said, I hope other nations collect as much as they can to prevent US institutions from hoarding so much that it's practically pointless.
I don't disagree. But it would be naive to believe that the hoarding of an asset, like Bitcoin, is all in the name of controlling supply which is what fiat has done.
Money managers do what they do. Bitcoin is naturally deflationary, which is a major attribute of what makes it better for the people; it's far harder to manipulate.
But consolidation increases the ability to manipulate.
One can hope for a moneyless, classless, and stateless world without supporting the atrocities that came as a result of others who used such an ideology to gain power and abused it.
I don't think you can rightly associate support for a person with support for an ideology.
Well, there's already a massive consolidation happening with the big institutions, who are all government controlled at the end of the day.
If, for example, the govt wanted to make Bitcoin illegal or extremely regulated to the point that it's being strangled, there would be nothing to stop it from happening.
In the hands of 10's of millions of users, it would be virtually improve l impossible to enforce anything.
Plus, the govt currently confiscates Bitcoin and sells it off cheap to push the price down. Even with that, Bitcoin is resilient. I'd probably bet on BTC regardless of what manipulation the govt was doing.
#Bitcoin is not "money"; it's "value".
It's a hard asset that is easier to trade than gold and more portable than land. It's a value store of universal proportion and billions times more secure than tangible value.
It is the people's asset. It is the people's currency. Buy it before the institutions make it impossible to get.
Buy #bitcoin. Don't hesitate. Don't wait. Doesn't matter how much you get. Doesn't matter if you buy when it's high or low at this point. Just get some. $100 if you can. The more the better.
Why? Because every institution is buying every coin they can, slowly as to not spook the market. But they're centralizing it so that, at some point after the last Bitcoin ever is mined, it will never trade hands from the institutions to the people ever again.
That means they will eventually own ALL of it.
Think about that. Think about the power it must have. Think about what the value of even a few Satoshis (the smallest denomination of BTC) would be... There are 21 million Bitcoin. There will never be a single coin more than that. More than 3 million of them are burned and irretrievably gone forever. Most big institutions have hundreds of thousands of Bitcoins. What will that leave us outside of the money handlers? Imagine how rare it will be to even KNOW someone with a whole Bitcoin... Like knowing a billionaire.
Buy now. Buy often. Skip that Starbucks in the morning and make your coffee at home. Make your cell phone last a little longer instead of buying the latest and greatest. Cut back on shit you don't need just for a little while, and buy as if your life depends on it... Because you'll never know. It might. It's a savings account for more than just money. Trade your monopoly money issued to you by your nation's central bank for a hard asset that every hedge fund and asset manager is trying to load up on before the public really realizes the power of Bitcoin. It's BETTER than gold. It's the PEOPLE'S money: fully decentralized; resilient against governments and their law; resilient against censorship; resilient against civil asset forfeiture and account freezes.
Nobody controls it. It's a billion, trillion times safer than stuffing your mattress, infinitely more portable, and deflationary (gains value over time).
Just do it.
My first post on Nostr.
X is a shit-show.
Musk is a capitalist willing to support genocide to keep his pockets full.
Capitalism is fucking garbage.
And now I can't be censored.
Eat a dick, Musk, you genocide-supporting capitalist pig.
Oddbean new post about login | logout
Notes by Captain Jingle Pants | export