Proof of Work keeps individuals and society connected to reality. Endless printing of an enforced currency de-couples people from being able to protect the fruits of their labour. Much like a spell that befalls man, fiat not only extracts value from those who are productive, but assigns worth to concepts and ideologies that literally have no value or utility. Fiat disconnects individuals and society from reality by distorting obvious truths. @Jeff Booth@saifedean@Excellion@Aaron van Wirdum@AlexS
Dodgy fiat type practices (such as rehypothecation, over-leverage, naked shorting) on Bitcoin will be severely punished by the protocol. Over the next 24 months it’s very likely that some big names will fall. Odds based on previous cycles are, that out of Coinbase, BlackRock and MSTR at least one of them will make a fatal error this bull run. Any thoughts … 💭@Jeff Booth@jimmysong@jb55@Excellion@preston@saifedean@cory@petermccormack
Wealthy people buy time,
Poor people buy stuff,
Ambitious people buy education,
Lazy people buy distractions.
Bitcoin is the best and most easily accessible option to protect your time.
#proofofwork
The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.
- Bertrand Russell
BitCoIn is counter insurgency technology designed to fight peacefully against the current cartel of bad actors who have self-declared themselves to have a global monopoly on finance and money.
Bitcoin is a protocol AND a discovery. The gravity of this can be clearly seen when comparing other such protocols: fire, math, electricity, nuclear fusion, the internet. People have no clue how important Bitcoin is as all new protocols [that are also discoveries] are met with suspicion and derision until mainstream adoption is enforced by the protocol’s built-in incentives.
Spot on. BitCoIn is counter insurgency technology [down to the level of the Bit] designed to fight peacefully against the current cartel of bad actors who have self-declared themselves to own the global monopoly on money.
Right on… Bitcoin is a protocol and a discovery. The gravity of this can be grasped when comparing other such protocols: fire, math, electricity, nuclear fission, the internet. People have no clue how important Bitcoin is as all new protocols [that are also discoveries] are met with suspicion and derision until mainstream adoption is enforced by the protocol’s built-in incentives. You don’t change Bitcoin, it changes you.
True, this is why buying a large quantity of bitcoin will be required prior to such government department cuts.
Bitcoin IS the financial lifeboat that will steer you toward an abundant future. This applies equally for individuals and governments.
Game Theory mode = ON
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