You have to be extremely disagreeable to be a Bitcoiner because if you’re not, hordes of retards with their retarded opinions about money and computers will lead you to poverty.
When Keynesian statists say that inflation (theft) is necessary to incentivize spending and therefore production.
“From 1870-1912, the dollar had an average annual deflation rate of -0.71%, producing a cumulative price change of -25.95%. Dollar holders increased their wealth just by holding dollars, as it only took $0.74 in 1912 to buy what $1.00 would in
1870. According to the St. Louis Fed, during the same period the economy increased total physical production by 550%, yielding one of the most prosperous economies in history. But during the years preceding the anticipated crisis, 1900-1907, bank credit expansion produced a cumulative price increase of 11.90%.”
https://fountain.fm/episode/iR5NT42LLSAydlnr0OmA
The big question now is does the $10T-$20T US bailout package (not including other major central bank zones, China already started btw) happen before or after Bitcoin runs its cycle.
Before: $1M and beyond easily in play.
After: Long term muted downside, outside of the contagion event, especially in nominal terms.
Who knows in various jurisdictions, things like: capital controls, legal tender, ending cap gains, onerous taxes, unrealized taxes, 6102s, etc.
Remember when the faggots on the Street pivoted from “crypto assets” to “digital assets” so they could keep their paper pushing, bullshit jobs?
Yea, we were here the whole time calling you retarded.
In order to finally buy Bitcoin, the Yuppie Elite are waiting for an official academic paper from Harvard that says that Bitcoin is safe and effective.
And by academic paper, they mean New York Times article *about* the paper.
And by NYT article, they mean the article *headline*…that they saw on Reddit.
Go fuck yourselves. Good morning.
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Notes by toxicbitcoiner | export