October 2023 - cypherpunks - lists.cpunks.org

Test (ignore)
by Greg Newby 16 Oct '23

16 Oct '23

I made some list configuration changes and am confirming them with this test message. ~ Greg

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Cryptocurrency: Fertilized By The Corpse Of Stables, CBDCs, And Fiat
by grarpamp 14 Oct '23

14 Oct '23

On 10/14/23, pro2rat(a)yahoo.com.au <pro2rat(a)yahoo.com.au> wrote: > There's no news like bad news > > " . . . on-chain data reveals that Alameda Research minted 39.55 billion > USDT tokens. > > This figure represents 47% of the current circulating supply of Tether. > > https://cryptopotato.com/alameda-research-minted-over-39b-usdt-accounting-f… Price is set on the margin. So the whole Stables propping crypto meme is nonsense, that trade has already moved the price as it is set on the margin. In reality, Stables and CBDCs are nothing but a profiteering middlemans manufactured unnecessary route for Fiat, and ultimately all value, converting onwards into holding and using sound cryptos. If you spent them on real crypto, great. If you let someone buy real crypto from you with them, you're a fool. If you issued that garbage to swap for whatever you're a fraud. And if you're still holding them today, you'll meet the same fate as the Fiat, Treasuries, violence, and whatever other shit they're backed by including nothing but air... zero. And as that realization sets in, there will be yet another great wave of price setting at the margin as everyone panic dumps those Fiat equivalents for yet more sound crypto. Long Term = Everything / Sound Crypto Denominator That's it, that's the price, period, the end.

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[ot][spam]gpt-4 completions
by Undescribed Horrific Abuse, One Victim & Survivor of Many 14 Oct '23

14 Oct '23

metadata: spellbook.scale.com? free api, max length 4000 tokens temperature 0 2023-03-17 07:06:01 { "input": "Once upon a time," } in a small village nestled between the rolling hills and dense forests, there lived a young girl named Amara. She was a kind and gentle soul, always eager to help others and spread joy wherever she went. Amara lived with her loving parents and her younger brother, who looked up to her with great admiration. The village was a peaceful and close-knit community, where everyone knew each other and worked together to ensure the well-being of all. The villagers were skilled in various crafts, from pottery to weaving, and they traded their goods with neighboring villages. One day, while Amara was walking through the forest to gather berries for her family, she stumbled upon a small, injured bird. Its wing was broken, and it was unable to fly. Amara's heart went out to the poor creature, and she carefully picked it up and carried it back to her home. With her mother's help, Amara nursed the bird back to health, feeding it and tending to its broken wing. Over time, the bird grew stronger, and its wing healed. Amara and the bird formed a deep bond, and it would follow her wherever she went, perching on her shoulder and singing sweet melodies. One day, as Amara and the bird were walking through the village, they came across a group of children who were playing by the river. The children were trying to catch fish with their bare hands, but they were having little success. Amara, always eager to help, approached the children and offered to teach them a better way to catch fish. Using her knowledge of the river and the fish that lived there, Amara showed the children how to weave a simple net from the tall grasses that grew along the riverbank. With this net, the children were able to catch more fish than they ever had before, and they were overjoyed. Word of Amara's kindness and wisdom spread throughout the village, and soon, people from all walks of life were coming to her for advice and assistance. She helped the farmers improve their crops, the potters refine their techniques, and the weavers create more intricate patterns. As the years passed, Amara's reputation grew, and she became known far and wide as a wise and compassionate leader. The village prospered under her guidance, and the people were happy and content. One day, a traveler from a distant land arrived in the village, bearing news of a terrible drought that was plaguing his homeland. The people were suffering, and their crops were failing. The traveler had heard of Amara's wisdom and had come to seek her help. Amara, moved by the traveler's tale, decided to journey to the distant land to see if she could help the people there. Accompanied by her faithful bird and a small group of villagers, Amara set off on the long and arduous journey. When they finally arrived in the drought-stricken land, Amara was shocked by the devastation she saw. The fields were barren, the rivers were dry, and the people were weak and hungry. Determined to help, Amara set to work, teaching the people new farming techniques and helping them dig wells to find water. Slowly but surely, the land began to recover. The crops grew, the rivers flowed, and the people regained their strength. Amara's kindness and wisdom had saved the people from the terrible drought, and they were eternally grateful. As the years went by, Amara continued to travel from village to village, helping those in need and spreading her wisdom and compassion. Her faithful bird remained by her side, a constant reminder of the power of love and kindness. And so, the legend of Amara, the wise and gentle leader, was passed down through the generations, inspiring countless others to follow in her footsteps and make the world a better place. 55387 ms

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Tethered to a corpse
by pro2rat＠yahoo.com.au 14 Oct '23

14 Oct '23

There's no news like bad news " . . . on-chain data reveals that Alameda Research minted 39.55 billion USDT tokens. This figure represents 47% of the current circulating supply of Tether. FROM https://cryptopotato.com/alameda-research-minted-over-39b-usdt-accounting-f…

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A new Iron Dome in the Start Wars program
by pro2rat＠yahoo.com.au 14 Oct '23

14 Oct '23

CZ, CZ, CZ . . . Jesus Fucking Christ And who disguised as a meek, mild-mannered crypto suit fights now for lies, injustice and the American way. CZ, you suck. Go die. Take USG stooges, Semich and Grarpamp with you. Leave.

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Everyone a remailer - everyone a Mint - everyone an APster market-maker!
by professor rat 14 Oct '23

14 Oct '23

Power to the people - fiber to the node " . . . technological advancements allow us to find better utilization of blockchain nodes, and community feedback presents us with new ways to design more user-centric systems and applications. FROM https://cointelegraph.com/news/the-necessity-of-blockchain-networks-backed-… Reposts not hostile spam poison from USG men, Semich and Grarpamp

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[aiml] Lemur: Yet Another Big Model for Code
by Undescribed Horrific Abuse, One Victim & Survivor of Many 13 Oct '23

13 Oct '23

Lemur says it is Llama-2 finetuned on code and instruct data and that it is state of the art. It's a 70B parameter model, 70G when loaded in 8bit. https://github.com/OpenLemur/Lemur https://arxiv.org/abs/2310.06830 | https://www.xlang.ai/blog/openlemur https://huggingface.co/OpenLemur We introduce Lemur and Lemur-Chat, openly accessible language models optimized for both natural language and coding capabilities to serve as the backbone of versatile language agents. The evolution from language chat models to functional language agents demands that models not only master human interaction, reasoning, and planning but also ensure grounding in the relevant environments. This calls for a harmonious blend of language and coding capabilities in the models. Lemur and Lemur-Chat are proposed to address this necessity, demonstrating balanced proficiencies in both domains, unlike existing open-source models that tend to specialize in either. Through meticulous pre-training using a code-intensive corpus and instruction fine-tuning on text and code data, our models achieve state-of-the-art averaged performance across diverse text and coding benchmarks among open-source models. Comprehensive experiments demonstrate Lemur's superiority over existing open-source models and its proficiency across various agent tasks involving human communication, tool usage, and interaction under fully- and partially- observable environments. The harmonization between natural and programming languages enables Lemur-Chat to significantly narrow the gap with proprietary models on agent abilities, providing key insights into developing advanced open-source agents adept at reasoning, planning, and operating seamlessly across environments.

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Cryptocurrency: Ends Warmongers And Their Wars, Makes War Unaffordable
by grarpamp 13 Oct '23

13 Oct '23

Satoshi noted... https://i.redd.it/gdetknbnr4tb1.jpg https://i.imgur.com/5s3f3rzh.jpg Warmongers steal your money via.. 1) PsyOps tricking you into "voting" them into power over you. 2) Then taking your money from you via... a) Inflation Printing Money from Nothing, turning you into literal Debt Slaves. b) Outright Criminal Extortion and Theft ("taxes", "social contract" nonsense), carried out under threat of prison, loss of work, assets, family, and ultimately death. https://www.youtube.com/watch/?v=5hfEBupAeo4 Michael Rivero: Bankers Wars https://www.youtube.com/watch/?v=xguam0TKMw8 Ray Dalio: World Order Cycles https://www.bitchute.com/video/jFMSugxemT9P/ Eustace Williams: Bankers Wars https://www.youtube.com/watch/?v=lu_VqX6J93k G Edward Griffin: Creature From Jekyll Island https://www.youtube.com/watch/?v=Id6rK87GF8M Wright w Griffin and Mayer V is for Voluntaryism. C is for Cryptocurrency. Adopt and spread them both today. Make war unaffordable (i.redd.it) submitted 3 days ago by KAX1107 [–]Gullible_Honeydew11 123 points124 points125 points 3 days ago (1 child) Wow it's like nothing has changed in the simulation except for my stack permalink embed save report reply [–]andorraliechtenstein 19 points20 points21 points 3 days ago (0 children) except for my stack And that beer price ! permalink embed save parent report reply [–]mista-sparkle 34 points35 points36 points 3 days ago (5 children) The real story is someone figured out a way to eat out for £5. permalink embed save report reply [–]reclamerommelenzo 6 points7 points8 points 3 days ago (0 children) She usually charges me 15 permalink embed save parent report reply [–]FDisk80 2 points3 points4 points 3 days ago (0 children) This. permalink embed save parent report reply [–]DevDaniel260redditor for 2 weeks 1 point2 points3 points 3 days ago (0 children) I wish! permalink embed save parent report reply [–]iikun 1 point2 points3 points 3 days ago (0 children) Runner up is that Salman Rushdie did in fact marry again. permalink embed save parent report reply [–]Oheson 1 point2 points3 points 2 days ago (0 children) That is part of the problem. $5 then is not equal to $5 now. permalink embed save parent report reply [–]3DprintRC 85 points86 points87 points 3 days ago (86 children) War has two sides. Typically one side doesn't want it and still has to afford it. permalink embed save report reply [–][deleted] 3 days ago* (84 children) [deleted] [–]3DprintRC 54 points55 points56 points 3 days ago (45 children) It's so naive to think Bitcoin will just solve everything. permalink embed save report reply [–]HailToTheKink 49 points50 points51 points 3 days ago (0 children) It won't "solve" anything. It increases the odds of better outcomes though. permalink embed save parent report reply [–]Percyheckendorf 31 points32 points33 points 3 days ago (16 children) You literally cannot plunder bitcoin. Wars that can’t plunder, or plunder resources, are funded by printing new money. Also impossible with bitcoin It’s just math. Yes bitcoin will make war unaffordable, and logistical nonsense permalink embed save parent report reply [–]MagicMaker32 10 points11 points12 points 3 days ago (1 child) I dunno, gotta keep that seed somewhere. The US Gov has one of the biggest stack of sats just from what they have confiscated from various individuals and entities. permalink embed save parent report reply [–]FruitBeef 0 points1 point2 points 2 days ago (0 children) Not to mention mining is becoming increasingly hard for little guys, and these power-plant level mining facilities are vulnerable to AWS attacks, or grid outages. permalink embed save parent report reply [–]brianl047 -2 points-1 points0 points 3 days ago (13 children) Most wars aren't funded but done through deficit spending. Saying BTC could stop war is like saying the rich could stop war. Not how it works because wars are about ideology, not money. Money could be a secondary factor but is never the main reason (broken window fallacy). permalink embed save parent report reply [–]DevDaniel260redditor for 2 weeks 7 points8 points9 points 3 days ago (7 children) This is a false equivalence. Bitcoin adoption will seriously hamper war. When you can only buy guns, ammunition, and weapons with hard bitcoin on base layer, not IOUs, not paper money, not pinky promises, then elites will have a much harder time war mongering. permalink embed save parent report reply [–]Local_Mousse1771 2 points3 points4 points 3 days ago (4 children) That may be one of the minor reasons why you may not see widespread adoption. But to be honest I don't know how you would force internationally that you just buy weapons only with bitcoin anyway. permalink embed save parent report reply [–]DevDaniel260redditor for 2 weeks 1 point2 points3 points 3 days ago (0 children) There’s no forcing. Overtime as Bitcoin adoption and usability grows, it becomes the de facto currency for international trade. permalink embed save parent report reply [–]Gracket_Material 1 point2 points3 points 3 days ago (2 children) Bitcoin is anti-force permalink embed save parent report reply [–]Local_Mousse1771 2 points3 points4 points 3 days ago (1 child) Yes, I agree, that Bitcoin is anti-force. But then why would anybody with intent to buy weapons and make war use bitcoin if that restricts them in buying weapons and making war? permalink embed save parent report reply load more comments (1 reply) [–]perfect5-7-with-rice 0 points1 point2 points 3 days ago (0 children) But if fiat money supply (and in turn, value) is increased by lending out fiat, why can't the same market forces apply to paper Bitcoin / IOUs? Many Bitcoin "owners" today are perfectly willing to keep it on the exchange, effectively IOUs permalink embed save parent report reply load more comments (1 reply) [–]Percyheckendorf 5 points6 points7 points 3 days ago (1 child) Ya know, this is the best part of bitcoin… the revisionist cope of the people too stupid to criticize the asset intelligently, so they make shit up. permalink embed save parent report reply [–]DevDaniel260redditor for 2 weeks 2 points3 points4 points 3 days ago (0 children) Hahah yeah. permalink embed save parent report reply [–]HurricaneHarvey7 2 points3 points4 points 3 days ago (0 children) It's pretty simple dude. Can't print Bitcoin to fund unpopular and useless wars. permalink embed save parent report reply [–]Gracket_Material 0 points1 point2 points 3 days ago (0 children) Nobody would sign up for the military if they weren’t bribed with fiat Once people wise up to fiat it’s over for the military permalink embed save parent report reply [–]pigeonwiggle 0 points1 point2 points 3 days ago (0 children) you're 100% right. the rich Could stop war. but they do not. bitcoin Could stop war - but it will not. because, as you say, it's not about that. permalink embed save parent report reply [–]DontDieSenpai 2 points3 points4 points 3 days ago (1 child) Except, that's not the argument. Bitcoin absolutely possesses the capacity to make war unaffordable. That's just a fact given the rickety foundation fiat rests upon in stark contrast to the secure and decentralized foundation of bitcoin. If fiat does end up failing, which we all know is a possibility given humankind's monetary history, then those in power would need to convince the world to buy more of the same shit (think CBDCs) to continue printing money in order to finance war spending. It is a rather hard sell, so expect authoritarian decrees attempting to force adoption. Bitcoin stands poised in a perfect position to be uniquely attractive in such a situation, given its open access and decentralization. We know war is expensive, and we know fiat makes it easy to afford war in the near term at the cost of long-term stability because it does not have a fixed supply and can be inflated almost to infinity. Fiat is an Ouroboros eating itself. We know this cannot continue indefinitely. Fiat survives because of the faith we as a species has in it. That faith is waning, and people are finding a path out through bitcoin. So, if widespread frequent warfare is predicated upon a fiat monetary system and a fiat monetary system is predicated upon a favorable worldwide psychological disposition; then what happens in a world where people wish to adopt a better money that is secure, decentralized, and perfectly scarce? War doesn't become impossible, but paying for it practically does. permalink embed save parent report reply [–]Local_Mousse1771 0 points1 point2 points 3 days ago (0 children) The sad truth is that you being able to write this comment will set you probably at least in the top 20% intelligent people worldwide who have at least an idea how our money system roughly works. Issue is however that the remaining 80% will have no idea at all about that. And I sadly really doubt mass Bitcoin adoption because of this. Bitcoin would have the capability to make high intensity wars too expensive. But the human nature is just not like that. Wars are won by a combination of extreme determination and sufficiently strong war economy. No country in their right mind would hamper their war economy willingly. What works against war is a combination of educated (sensible acting) leaders and a power balance on both sides that noone dares to start a war due to fear of loosing more than gaining. permalink embed save parent report reply [–]BuyRackTurk 5 points6 points7 points 3 days ago (1 child) It's so naive to think Bitcoin will just solve everything. No, its naive to think it wont. When war has to be fought at the financial level and risk to life of each individual involved, there will be a hell of a lot less war going on. permalink embed save parent report reply [–]explosiveplacard 1 point2 points3 points 3 days ago (0 children) It's a lot harder to fund a war if you have to pay with it before you start it. permalink embed save parent report reply [–][deleted] 3 days ago* (14 children) [deleted] [–]Pin_ups -3 points-2 points-1 points 3 days ago (13 children) Your Lambo would worth nothing if current economy goes to shit. permalink embed save report reply [–]MachaMacMorrigan 2 points3 points4 points 3 days ago (12 children) Dunno . . . could get out of Dodge really fast? permalink embed save parent report reply [–]Pin_ups 5 points6 points7 points 3 days ago (10 children) Zero chance when world economy is in shambles, luxury items tend to be useless when food, water, and shelter is first and must have. permalink embed save parent report reply [–]MachaMacMorrigan 8 points9 points10 points 3 days ago (1 child) Ok then. Swap the Lambo for a Ford XB GT Falcon Pursuit Special? permalink embed save parent report reply [–]Pin_ups 1 point2 points3 points 3 days ago (0 children) That's what I am talking about, and power of v8. permalink embed save parent report reply [–]Zealousideal_Neck78 2 points3 points4 points 3 days ago (7 children) You forgot oil too, as many will find out. permalink embed save parent report reply [–]Pin_ups 0 points1 point2 points 3 days ago (6 children) Oil is getting more expensive to drill and with a lot of environmental laws too. The next 100 years to come, oil will no longer be a commodity. permalink embed save parent report reply load more comments (6 replies) [–]PushTheButtonPlease 0 points1 point2 points 2 days ago (0 children) Get outta "Dodge" in Lambo. permalink embed save parent report reply [–]PM_ME_YOUR_THESES 3 points4 points5 points 3 days ago (2 children) It won’t solve everything. But it will solve government abusing their fiscal powers. permalink embed save parent report reply [–]fringecar -1 points0 points1 point 3 days ago (1 child) In a bitcoin world I bet the Chinese government could collect taxes and the US government could not. Americans would be like "I lost it in a boating accident". Chinese would be like "of course my Bitcoin is on the central exchange, tell me what I owe." permalink embed save parent report reply [–]PM_ME_YOUR_THESES -1 points0 points1 point 3 days ago (0 children) Research points to the exact opposite outcomes. permalink embed save parent report reply [–]Aerith_Gainsborough_ 2 points3 points4 points 3 days ago (1 child) It's so naive to think that your God will just solve everything. permalink embed save parent report reply [–]ultra_annoymnuos 6 points7 points8 points 3 days ago (0 children) My God will but not yours 😅 permalink embed save parent report reply [–]Zealousideal_Neck78 0 points1 point2 points 3 days ago (0 children) Most do though, lol. Its great when they insert Bitcoins mysterious healing powers into societies social illnesses. Haha! permalink embed save parent report reply [–]cryptosareagirlsbf 0 points1 point2 points 3 days ago (0 children) Strawman much? permalink embed save parent report reply [–]WarSuccessful3717 2 points3 points4 points 3 days ago (2 children) Okay … but this doesn’t seem something that governments will rush into tbh. Wouldn’t a country based on Bitcoin finance lose a war against a country that can use fiat to fund their war machine??? permalink embed save report reply [–][deleted] 3 days ago* (1 child) [deleted] [–]FruitBeef 1 point2 points3 points 2 days ago (0 children) People seem to forget the social (read powerful interest-laden elite control) aspect of money and the economy in these parts. permalink embed save report reply [+]BJPark comment score below threshold-6 points-5 points-4 points 3 days ago (23 children) Then the only country to not use Bitcoin would print money, fund its armies, and conquer the world. Printing money gives a country the advantage of being able to wage infinite war. permalink embed save report reply [–]16BitSquid 16 points17 points18 points 3 days ago (8 children) If one country would print money to wage war that country’s currency would be worthless to other countries. That country now also has to be fully self sustaining. Money printing makes wars possible. But only if all other countries are also printing 😄 permalink embed save parent report reply [+]BJPark comment score below threshold-9 points-8 points-7 points 3 days ago (7 children) I never said it would be a smart economic move for a country to print money. It might indeed be dumb. However, no other countries would exist, since the immediate benefit of printing money would be to conquer all the other countries around it. The defending countries would fall because the wouldn't be able to print money to pay their armies. permalink embed save parent report reply [–]New_Painting5190 9 points10 points11 points 3 days ago (1 child) Dude stop writing such retarded garbage, just by reading your text some of my brain cells got instantly burnt. permalink embed save parent report reply [–]BJPark -3 points-2 points-1 points 3 days ago (0 children) https://youtu.be/WVn-JEIrVBE?si=U20EttY6j7s9yJzZ permalink embed save parent report reply [–]looneytones8 2 points3 points4 points 3 days ago (4 children) As the previous commenter said, they’d have to be a self sustaining country with no imports because they won’t be able to pay any other country with their worthless money. Good luck building enough resources to conquer the world on your own… permalink embed save parent report reply [–]BJPark -1 points0 points1 point 3 days ago (3 children) Depending on the country, they could self-sustain for years. If you're Russia, maybe even indefinitely. And you wouldn't need to do it indefinitely. If your opponents have no armies, you could conquer them in months. permalink embed save parent report reply [–]looneytones8 2 points3 points4 points 3 days ago (2 children) Not while you’re at war with the rest of the world. The rest of the world will have armies, wtf is this bullshit hypothetical lol permalink embed save parent report reply [–]BJPark -1 points0 points1 point 3 days ago (1 child) The rest of the world will have armies, Not with Bitcoin, they won't. You need to print money (or steal it) to sustain armies. permalink embed save parent report reply [–]looneytones8 3 points4 points5 points 3 days ago (0 children) Or pay for it with your bitcoin. If I were under threat of an attack, I would help pay for an army. permalink embed save parent report reply [–]BigDeezerrr 2 points3 points4 points 3 days ago (4 children) Who would accept the monopoly dollars this one country is printing? How would they get the resources to wage such a war? No country would give them oil, metals, weapons, semiconductors, etc for their funny money. permalink embed save parent report reply [–]BJPark -4 points-3 points-2 points 3 days ago* (3 children) Who would accept the monopoly dollars this one country is printing? The local population. They're the ones you need to pay to fight. Just be like Russia. How would they get the resources to wage such a war? No country would give them oil, metals, weapons, semiconductors, etc for their funny money. For maybe a year or more, a country could wage war with what it has. If no one fights back because they're too poor, then it's enough. They could then loot the oil, metals, weapons, semiconductors etc without needing to trade with anyone. permalink embed save parent report reply [–]BigDeezerrr 4 points5 points6 points 3 days ago (2 children) Venezuelans don't want to accept the Venezuelan Bolívar. They're forced to so they need to use wheelbarrows and weigh their money instead of count it, but it's completely impractical. A Bitcoin standard doesn't mean countries can't fight back. An existential crisis, such as a rogue nation attempting to dominate the world, would be an easy cost to justify. Staying entrenched in Afghanistan for 20 years under false pretenses, not so much. permalink embed save parent report reply [–]BJPark -2 points-1 points0 points 3 days ago (1 child) An existential crisis, such as a rogue nation attempting to dominate the world, would be an easy cost to justify. But where is the money coming from, justified or not? Without printing, there isn't enough to go around to suddenly pay an army. You can point to isolated places like Venezuela, but the reality is that, at least for the time needed to win a war, the population will gladly accept printed money, especially if they've gotten used to it in the past. permalink embed save parent report reply [–]BigDeezerrr 2 points3 points4 points 3 days ago* (0 children) The US has a GDP ~820 billion Bitcoins. If motivated I think they can spare some to fight back. It's hard to say how these things would play out in a new world. I look back to the gold standard era for answers, wars were typically smaller in scale and difficult to keep going/finance. Obviously it was a different world so the parallel isn't exact. World Wars only became possible because nations decided to suspend the gold standard, confiscate gold, and print money. I think most haters see the "Bitcoin stops war" headline and freak out. It wont end war, but unpopular war might become untenable if there was a fair money. permalink embed save parent report reply [–]DevDaniel260redditor for 2 weeks 1 point2 points3 points 3 days ago (4 children) Wrong. People selling weapons would require hard bitcoin. permalink embed save parent report reply [–]BJPark 1 point2 points3 points 3 days ago (3 children) Does Russia need to buy weapons from anyone? The war would be over in 2 weeks as other countries wouldn't be able to pay their armies to fight back. permalink embed save parent report reply [–]DevDaniel260redditor for 2 weeks 0 points1 point2 points 3 days ago (2 children) Good question. They absolutely do. No country has the entire defense industry within their borders. Modern nuclear subs, airplanes, carriers, etc., are built with 100 of international suppliers. Try defending against them with domestic only weapons. Furthermore, the people of your dictatorship being forced to wage war for worthless paper money instead of a global hard asset, like Bitcoin, or gold, are guaranteed to revolt and not work the factories. Has happened to many rulers throughout antiquity when they didn’t pay their soldiers in gold. permalink embed save parent report reply [–]BJPark -1 points0 points1 point 3 days ago (1 child) Has happened to many rulers throughout antiquity when they didn’t pay their soldiers in gold. A different time, when people valued gold. Merchants in Italy revolted when the government tried to introduce paper money to mimic the financial systems they had found in china. It's a good illustration of how something can work or not work depending on the society and the time period. There was a time when people would only accept hard currency like gold. Now we've all gotten used to paper money, and wouldn't think twice about accepting fiat money that's printed indiscriminately. Again, this might not always work as some countries like Zimbabwe and Argentina show, but it will definitely work for most countries most of the time in the modern world. Consider how Germany built up their war machine from scratch to wage war on Europe for WW2. An autocracy or dictatorship that can print money will be an immediate and severe threat to any surrounding countries foolish enough to adopt a hard currency. permalink embed save parent report reply load more comments (1 reply) [–]Gracket_Material 0 points1 point2 points 3 days ago (3 children) Unless you can print steel and oil and food, money is useless in that scenario This scenario was briefly explored in the TV show The Office where the characters issued Schrute Bucks and Stanley Nickels. permalink embed save parent report reply [–]BJPark 0 points1 point2 points 3 days ago (2 children) A country like Russia for example can generate all of the above as long as it can get the people to produce them. And as long as people accept printed money, this strategy will work just fine. permalink embed save parent report reply [–]Gracket_Material 0 points1 point2 points 2 days ago (1 child) Some thing the Soviet Union said permalink embed save parent report reply load more comments (1 reply) [–]DiamondMan07 -1 points0 points1 point 3 days ago (4 children) Not true. The govt can subpoena server locations and create an injunction to prevent non government action on a decentralized currency, thereby allowing a minority of the server activity to constitute a majority of the system. permalink embed save report reply [–][deleted] 3 days ago* (3 children) [deleted] [–]DiamondMan07 -1 points0 points1 point 2 days ago (2 children) I’ve read both and written decentralized tokens (not currency). Ultimately, there is storage on physical machines. I have a buddy out here in central Oregon who owns a whole server farm. Gov’t can subpoena and seize physical servers and issue injunctions on accessing the blockchain outside of access routed through those servers, where 50 state warrants are issued for those who violate it. Tor does not provide absolute protection on IP and there are various levels of Tor protection, read up on it. permalink embed save report reply [–][deleted] 2 days ago* (1 child) [deleted] load more comments (1 reply) [–]PharaonBibiHussein35redditor for 2 weeks 0 points1 point2 points 2 days ago (2 children) They will literally come to your house and take your stuff When you stand in the way of your nations self defence you deserve whatever is gonna happen to you permalink embed save report reply [–][deleted] 2 days ago* (1 child) [deleted] [–]PharaonBibiHussein35redditor for 2 weeks 0 points1 point2 points 1 day ago (0 children) Citizens like yourself where Slaughtered few days ago, Raped, Tortured, Massacred and had their dead bodies paraded Around Wtf does America have to do with this? Also even America fought for it's citizens gain, if they for example hadn't conquered Indians US wouldn't be as powerful and Prosperous as it is now Ah Yes defending your citizens is Authoritarian🤦🏻‍♂️ I think you are confused what I said When did I talk about a government that makes enemies of its own people? Post Was about Israel first kicking out Hamas Militants who slaughtered civilians and then attacking Their positions in Gaza If an Israeli citizen where to get In the way of this and aid Hamas he would obviously be a traitor and would deserve punishment The only thing keeping you and your property safe is 2nd Amendment. Not Bitcoin or something else permalink embed save report reply [–]FruitBeef 0 points1 point2 points 2 days ago (1 child) There's nothing stopping a payment processor in this hypothetical world from blocking coins from your wallet. Transparency. permalink embed save report reply [–][deleted] 3 days ago (2 children) [deleted] [–]parishiIt0n 2 points3 points4 points 3 days ago (1 child) Why use their precious bitcoins if biden is sending them billions of dollars instead permalink embed save report reply [–]--mrperx-- 6 points7 points8 points 3 days ago (0 children) Eat out from 5 Pounds? Where? permalink embed save report reply [–]Trunks7j 5 points6 points7 points 3 days ago (1 child) This IS relevant to Bitcoin. This paper is the day the Genesis block for Bitcoin was mined. If you own an original of this paper then you have a very valuable collectible that is sought after. permalink embed save report reply [–]Successful_Score_925 0 points1 point2 points 3 days ago (0 children) wow, if a bank was being bailed out now that would very closely match permalink embed save parent report reply [–]cat_magnet 37 points38 points39 points 3 days ago (21 children) And they say that Bitcoin is bad for the environment? Endless money printing funding massive wars isn't exactly green. permalink embed save report reply [–]Original_Delivery_15 0 points1 point2 points 3 days ago (8 children) Hamas killed hundreds in one day. And people say that me killing one person is bad? Morale of the story: buy BTC so that nobody dies. permalink embed save parent report reply [–]Armed-Librarianredditor for 5 weeks -1 points0 points1 point 3 days ago (7 children) Hamas killed hundreds in one day Israel killed hundreds with one rocket strike. permalink embed save parent report reply [–]User673412 6 points7 points8 points 3 days ago (1 child) Israel kills 250 people every couple months in Palestine but now it’s happened to them and they’re comparing it to the holocaust. Defund the war machine. permalink embed save parent report reply [–]Armed-Librarianredditor for 5 weeks 3 points4 points5 points 3 days ago (0 children) Agreed! America should stop sending BILLIONS of dollars to israel each year! permalink embed save parent report reply [–]Original_Delivery_15 0 points1 point2 points 3 days ago (4 children) True, and your point is? permalink embed save parent report reply [–]Armed-Librarianredditor for 5 weeks 4 points5 points6 points 3 days ago (3 children) We need to stop sending literal BILLIONS to israel each year. That is the point permalink embed save parent report reply [–]Original_Delivery_15 0 points1 point2 points 1 day ago (2 children) Oh REALLY? https://www.wsj.com/world/middle-east/militants-behind-israel-attack-raised… Dollar (and BTC) are the tool. Same as weapons. If I were to choose, I would rather ban weapons instead of dollars. But hey, you do you. permalink embed save parent report reply [–]Armed-Librarianredditor for 5 weeks 0 points1 point2 points 1 day ago (1 child) Oh REALLY? Yes really. Altough I have to say that I support banning Israel over the dollar because they are known for rocket stiking residential building and killing countless innocent people in their terror attacks. Just yesterday they killed hundreds of people, some even children, in a rocket strike. We need to put an end to this. Better sooner than later... before more people are being brutally murdered permalink embed save parent report reply load more comments (1 reply) [+]sogdianus comment score below threshold-12 points-11 points-10 points 3 days ago (11 children) Hamas printed which money for their war? Stop being delusional permalink embed save parent report reply [–]Weigh13 7 points8 points9 points 3 days ago (0 children) Nah, the west printed their money and made the weapons for them. permalink embed save parent report reply [–]SpamFriedMice 7 points8 points9 points 3 days ago (0 children) Saw reports yesterday claiming Hamas had been purchasing arms that seem to have gotten misplaced in Ukraine. Don't know if that's accurate, but if true, we printed money for this war. permalink embed save parent report reply [–]MachaMacMorrigan 6 points7 points8 points 3 days ago (5 children) Iran funds HAMAS. "Secretary of State Antony Blinken pushed back Sunday against unsubstantiated claims that [$6B] Iranian assets that were recently freed up facilitated Hamas’s surprise attack on Israel" https://www.washingtonpost.com/nation/2023/10/08/blinken-iran-funds-hamas-i… permalink embed save parent report reply [–]16BitSquid 6 points7 points8 points 3 days ago (2 children) There’s many sources to find linking Hamas to the CIA and also to Israel for their funding. All I know for sure is banks are supplying both sides with money and worlds largest arms dealers sell weapons to both sides. permalink embed save parent report reply [–]mista-sparkle -1 points0 points1 point 3 days ago (1 child) It wouldn't surprise me, but I'm gonna need to see a source for any claim of CIA or Israeli support of Hamas or false-flag operations in the region. It's simply not very likely to compare at all to the support that Hamas has received from Iran, by any quantifiable measure. permalink embed save parent report reply [–]dalepo 0 points1 point2 points 3 days ago (0 children) Israel uses Hamas extremism to justify their expansion. They've been doing it for decades. I'm not sure about the link between Hamas and Mossad, but I wouldn't be surprised if it is true. permalink embed save parent report reply [–]Armed-Librarianredditor for 5 weeks -1 points0 points1 point 3 days ago (1 child) unsubstantiated I think that is important permalink embed save parent report reply [–]MachaMacMorrigan -1 points0 points1 point 3 days ago (0 children) With regard to WaPo's use of "unsubstantiated": they might say that; I couldn't possibly comment permalink embed save parent report reply [–]Gullible_Honeydew11 0 points1 point2 points 3 days ago (0 children) Hostage slavecoin permalink embed save parent report reply [–]fverdeja 0 points1 point2 points 3 days ago (0 children) Indebting yourself so you can go to war is not printing money per se, but it will affect their money supply sooner than you think. permalink embed save parent report reply [–]Plenty-Stock 15 points16 points17 points 3 days ago (1 child) People have been fighting over this land since BC. History runs deep here. This latest conflict is one of plenty in a line of dating back thousands of years. https://en.wikipedia.org/wiki/Palestine_(region)#/media/File:Kingdoms_of_th…) Edit: Link permalink embed save report reply [–]Gullible_Honeydew11 4 points5 points6 points 3 days ago (0 children) Right link the wars haven't changed since the 60s they're still shooting little pieces of metal at each other only differences there's digital currency flowting through the airwaves permalink embed save parent report reply [–]Pin_ups 5 points6 points7 points 3 days ago (0 children) Very bad association here, this is what we call confirmation bias. Two events at the same time does correlate to something you might think. Now if we need to count the association with the war vs. Banks, look at the cost of prolonged conflict vs. GDP, and banks spending vs. Bond market. permalink embed save report reply [–]hateschoolfml 1 point2 points3 points 3 days ago (0 children) This is like the 6th bailout as well permalink embed save report reply [–]Elly0xCrypto 1 point2 points3 points 3 days ago (0 children) Buy bitcoin! permalink embed save report reply [–]dalepo 1 point2 points3 points 3 days ago (0 children) People pay for this through inflation. permalink embed save report reply [–]goodbtc 1 point2 points3 points 2 days ago (0 children) Why is yours different than this one? https://i.imgur.com/5s3f3rz.jpg permalink embed save report reply [–]SpaceToadD 3 points4 points5 points 3 days ago (0 children) They will be at war forever, so will we. permalink embed save report reply [–]Capable_Compote6188 2 points3 points4 points 3 days ago (0 children) War never changes， with or without BTC. Stop being so naive. permalink embed save report reply [–]CasaSatoshi 2 points3 points4 points 3 days ago (0 children) History doesn't repeat, but it does rhyme. permalink embed save report reply [–]oreipele1940 2 points3 points4 points 3 days ago (0 children) This is one of the most retarded bitcoin memes - the idea that if it wasn't for fiat, there would not be wars. If anything, the empirical evidence is largely against it. There has never been more peace and less wars than under fiat money. Virtually all wars in the antiquity, middle ages, and the modern age, including post-French revolution to pre-ww2, were fought under the gold or silver standard, with rare fiat experiments that quickly failed. Fiat is bad and facilitates certain aspects of war funding. But believing that bitcoin would make war unaffordable is simply pure retardness. permalink embed save report reply [–]igadjeed -3 points-2 points-1 points 3 days ago (15 children) Not relevant to Bitcoin permalink embed save report reply [–]TheNintendoWii 7 points8 points9 points 3 days ago (1 child) This article about the Chancellor was encoded in the first block of the Bitcion network permalink embed save parent report reply [+]igadjeed comment score below threshold-6 points-5 points-4 points 3 days ago (0 children) It is a newspaper headline, not an article. It was inserted to be a timestamp, a real-world anchor for the beginning of Bitcoin permalink embed save parent report reply [–]KAX1107[S] 14 points15 points16 points 3 days ago (1 child) The Times 03/Jan/2009 Chancellor on brink of second bailout for banks permalink embed save parent report reply [+]igadjeed comment score below threshold-8 points-7 points-6 points 3 days ago (0 children) Why did you copy & paste a timestamp marker? permalink embed save parent report reply [–]52576078 8 points9 points10 points 3 days ago (5 children) Extremely relevant, actually. With a fiat money, governments can just print to pay for their wars. On a non-fiat money, it's much more difficult for them to fund their wars and they have to justify the wars to the people in order to get the funding through e.g. taxes permalink embed save parent report reply [+]sogdianus comment score below threshold-9 points-8 points-7 points 3 days ago* (2 children) Hamas printed money for their war to be able to massacre, rape and kidnap people? That would be new. Stop being delusional permalink embed save parent report reply [–]52576078 6 points7 points8 points 3 days ago (0 children) Wow, what a clueless take. Well done, that's definitely the dumbest response I've gotten in a long time. permalink embed save parent report reply [–]Aerith_Gainsborough_ 3 points4 points5 points 3 days ago (0 children) The money got printed somewhere else and given to both sides of this war. permalink embed save parent report reply [+]igadjeed comment score below threshold-8 points-7 points-6 points 3 days ago (1 child) Not relevant to Bitcoin permalink embed save parent report reply [–]52576078 0 points1 point2 points 3 days ago (0 children) LOL permalink embed save parent report reply [–][deleted] 3 days ago (3 children) [removed] [+]sogdianus comment score below threshold-9 points-8 points-7 points 3 days ago (2 children) because if you're massacred, raped, abducted and thousands of rockets are being shot at you, Bitcoin is the last thing which would help you here. Crushing whoever does massacres or shoots rockets is the only viable solution in this case. permalink embed save parent report reply [–]tehb1726 0 points1 point2 points 3 days ago (0 children) We would have wars with sticks and stones permalink embed save report reply [–]Abundance144 0 points1 point2 points 3 days ago (0 children) Show me a god that wants his creations killing each other over some "holy" dirt. permalink embed save report reply [+]excitement2k comment score below threshold-13 points-12 points-11 points 3 days ago (0 children) Get this fucking tripe off of the sub. permalink embed save report reply [+]moonst1 comment score below threshold-26 points-25 points-24 points 3 days ago (22 children) Great idea to justify Islamist violence and calling Israel's protection of its civilians "war" /s These kind of shitty posts by people like you is what really prevents Bitcoin from getting mass adoption and gives Bitcoin's critics even more fuel to paint Bitcoin in a bad light. permalink embed save report reply [–][deleted] 3 days ago (18 children) [deleted] [–]JewOrleans 0 points1 point2 points 3 days ago* (2 children) Damn Hamas and their infinite money printer… Edit: this thread won’t let me respond for some reason but Iran doesn’t need to “print money”. They can sell their fucking natural resources for bitcoin if they so choose and then can fund Hamas with bitcoin. Some of you people are so fucking dense. permalink embed save report reply [–]Aerith_Gainsborough_ 0 points1 point2 points 3 days ago (0 children) Think for a moment (if you are capable of) of they (both sides of this war) being funded by others. Funded by money printing. permalink embed save parent report reply [–]SuperSan93 -2 points-1 points0 points 3 days ago (9 children) Unfortunately, religious fanatics don’t go to war for money. It really is irrelevant in this situation. permalink embed save report reply [–][deleted] 3 days ago (8 children) [deleted] [–]SuperSan93 -1 points0 points1 point 3 days ago (7 children) I know. But if you have 100,000 neck-beards all willing to die for god all you need to do is give them a 70 year old AK47 and a bag of bullets, maybe an old Toyota pick-up truck for a few shekels and they’re good to go wage war. permalink embed save report reply [–][deleted] 3 days ago (3 children) [deleted] [–]SuperSan93 -3 points-2 points-1 points 3 days ago (2 children) BTC would certainly make war prohibitively expensive but only for the countries that have adopted it. But it’s a bit of an idealists viewpoint. Nations without it would have a massive advantage, or countries with people willing to or forced to fight and manufacture war supplies for little or no financial reward. It would result in a major shift in global power to extreme Islamist groups and dictatorships. Think about how much the US spent on its war in Afghanistan vs how much the Taliban spent. Would US defense contractors offer to build weapons for no profit? Will soldiers fight for the glory of the US without pay? Give up their after-care and pension? Not a chance. I don’t believe any country will ever adopt BTC as it’s sole currency, only as a secondary. BTC has such promise, but we can’t forget there are external factors out of anybodies control that will dictate how it’s adopted. permalink embed save report reply load more comments (2 replies) [–]Aerith_Gainsborough_ -1 points0 points1 point 3 days ago (2 children) all you need to do is give them a 70 year old AK47 and a bag of bullets, maybe an old Toyota pick-up truck for a few shekels Who will pay for all that? permalink embed save parent report reply [–]SuperSan93 0 points1 point2 points 3 days ago* (1 child) I mean, that costs what? A few thousand dollars? Compare the cost of outfitting a US soldier and sending them to war for a year ($1,000,000) with an armored Humvee $200,000 (figures taken from the white houses’ own briefings) Change that to BTC that’s 0.11 vs 43.7. Which country would win a war of attrition with those numbers in a BTC dominated world? permalink embed save parent report reply load more comments (1 reply) [–]mista-sparkle 0 points1 point2 points 3 days ago (0 children) Sure they can. They can get loans from wealthy benefactors that have an interest in the outcome, and they raise money through war bonds and other means. permalink embed save report reply [–]ariehkovler -3 points-2 points-1 points 3 days ago (1 child) Ah yes, before fiat currency there was no war. permalink embed save report reply [–]moonst1 0 points1 point2 points 3 days ago (1 child) there were wars before there was money permalink embed save report reply [–]SkyJebus -2 points-1 points0 points 3 days ago (0 children) Ew, how delusional is this take? Lmfao. permalink embed save parent report reply [–]tk11811 0 points1 point2 points 3 days ago (1 child) So you think a Reddit post will stop Bitcoin gaining mass adoption? 😂 permalink embed save parent report reply [–]moonst1 0 points1 point2 points 1 day ago (0 children) lol, no, never said this anyway, but shit like this contributes to the negative image of Bitcoin, like many of the other comments and posts here. Many tiny stepy into the wrong direction. permalink embed save parent report reply [+]3dio comment score below threshold-12 points-11 points-10 points 3 days ago (0 children) Oh will it stop violent militant Islamist organisations or no? Or will it help fund them? permalink embed save report reply [–]Fisterupper -2 points-1 points0 points 3 days ago (0 children) Damn right. You can't play nice? We're taking your toys away. permalink embed save report reply [–]zesushv 0 points1 point2 points 3 days ago (0 children) Indeed the replies are were the knowledge is ripe. Saw multiple analysis on how Bitcoin will not only make wars uninteresting to engage in, but make it financially difficult to afford. permalink embed save report reply [–]parishiIt0n 0 points1 point2 points 3 days ago (0 children) Stop financing the endless tribe wars was and will always be my biggest motivation to use bitcoin. Anywhere they go with their fiat printing machine chao ensues permalink embed save report reply [–]theravingsofalunatic 0 points1 point2 points 3 days ago (0 children) I have a funny feeling this WAR will not last to long permalink embed save report reply [–]DevDaniel260redditor for 2 weeks 0 points1 point2 points 3 days ago (0 children) Wow. This is powerful. World peace. No war. permalink embed save report reply [–]Remote-Annual-676 0 points1 point2 points 3 days ago (0 children) Especially when you got someone who works in the bank handing out your money to every dick tom and harry that comes in permalink embed save report reply [–]MsTkL86 0 points1 point2 points 3 days ago (0 children) Because it is affordable now ? Tell me more pls permalink embed save report reply [–]Flurb789 0 points1 point2 points 3 days ago (0 children) I'm still trying to detox in style 14 years later permalink embed save report reply [–]sn0wballa 0 points1 point2 points 3 days ago (0 children) henry ford's digital currency backed by energy would be a phenomenal idea.. permalink embed save report reply [–]Nilowkey 0 points1 point2 points 3 days ago (0 children) As the enigmatic Chris Rock said, “make bullets $5000” permalink embed save report reply [–]mechanicalcontrols 0 points1 point2 points 3 days ago (0 children) How exactly is Bitcoin going to make war unaffordable? Wars were fought for thousands of years before fiat currency. permalink embed save report reply [–]Justonemorelanebro 0 points1 point2 points 3 days ago (0 children) Get ready for defense stocks to soar. After that they will have money for another banks bailout permalink embed save report reply [–]Successful_Score_925 0 points1 point2 points 3 days ago (0 children) Dude no way ... permalink embed save report reply [–]FiveGuysisBest 0 points1 point2 points 3 days ago (4 children) War is never unaffordable. That’s a naive thing to believe. Lack of money has never ended a war. permalink embed save report reply [–]Oheson 0 points1 point2 points 2 days ago (3 children) Financials causes wars and stops war. Always. permalink embed save parent report reply [–]FiveGuysisBest 0 points1 point2 points 2 days ago* (2 children) They cause wars. But they never stop them. No country has ever signed a peace agreement because they ran out of money. They’ll borrow or print themselves into oblivion before they surrender. Military defeat ends wars. permalink embed save parent report reply [–]turtle_main_61 1 point2 points3 points 2 days ago (1 child) That's the whole point. No more money printer for you Mr. State. permalink embed save parent report reply [–]FiveGuysisBest 0 points1 point2 points 2 days ago* (0 children) lol no more money means they just print more of it. That’s why governments print more money. Not to mention all the loans they’ll take out. permalink embed save parent report reply [–]Aggravating-Pie-4535redditor for 2 weeks 0 points1 point2 points 3 days ago (0 children) F Israel Palestine war bailouts and the banks. And commas too! permalink embed save report reply [–]Similar_Ad_1982 0 points1 point2 points 3 days ago (0 children) You all realize that some wars are necessary to stop bad people from doing bad things right?? What then? permalink embed save report reply [–]crodbtc 0 points1 point2 points 3 days ago (0 children) The fact that it's all playing again is legendary Cheers to Satoshi permalink embed save report reply [–]TriSamples 0 points1 point2 points 3 days ago (0 children) I don’t get why they bail out banks. We did this already and the countries that let the banks fail had far stronger positions after than the ones that bailed them out. Our Scandinavian friends did it right. Why are we repeating this decision? Bitcoin ftw. permalink embed save report reply [–]xavier_mamba 0 points1 point2 points 2 days ago (1 child) I see your point, but their war is irrelevant to bitcoin permalink embed save report reply [–]Oheson 1 point2 points3 points 2 days ago (0 children) Relevant in the sense that if they went to the Bitcoin standard, no wars would ever exist anymore. The money printer enables war and is fed by war. It is a symbiotic relationship. Regardless of where the war takes place, it is ultimately fed by the money printer. permalink embed save parent report reply [–]TheOriginalGuru 0 points1 point2 points 2 days ago (0 children) ::cries in British:: permalink embed save report reply [–]Dullfig 0 points1 point2 points 2 days ago (0 children) Oh, like prehistoric tribes never went to war... permalink embed save report reply [–]semenpressoredditor for 7 weeks 0 points1 point2 points 2 days ago (0 children) 5 quid permalink embed save report reply [–]Crypto-Canada 0 points1 point2 points 2 days ago (0 children) Matrix. permalink embed save report reply [–]Lucidcranium042 0 points1 point2 points 17 hours ago (0 children) But the 37billion they printed last year should help keep those 5$ meals around 5$ for 10 more years.. hopefully they print more billions and maybe that 5$ meal will reduce to 2.50 permalink embed save report reply

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Cryptocurrency: Solves Insanity Of Hundreds Of Fiat Currencies, Central Banks, CBDC, Govt Power
by grarpamp 13 Oct '23

13 Oct '23

Why should every country have its own money? (self.Bitcoin) submitted 4 days ago by slvbtc I look around the world and see countries that dont even know how to build side walks. Why on earth should they be entrusted to manage their own money. Honestly I dont think theres one country capable of managing their own money, not even America. Bitcoin is literally the solution for 8 billion people to opt out of their mismanaged, corrupt, society destroying national currency, they just dont know it yet. [–]No-Sympathy-5815 81 points82 points83 points 4 days ago* (9 children) National currencies, whether they be fiat currencies or gold backed currencies, centralizes power into the hands of the state and thus into the hands of the politicians and elites that control the state. National currencies are the single most power-centralizing force in the modern world with militaries being a close second. One could also argue that modern militaries could not exist at their current scale without national currencies being used to concentrate power into the hands of a few and being used to extract wealth from the population through debt and inflation. National currencies don't exist because they are 'trustworthy', they exist because they concentrate power. permalink embed save report reply [–]rock-island321 28 points29 points30 points 3 days ago (6 children) Without fractional reserve banking and central banks, there is no way that todays militaries could exist at the scale they do. It used to be you'd have a war chest, a pile of gold to fund the war. Now that war chest is a bottomless pit of debt, funding crisis after crisis. permalink embed save parent report reply [–]HalfRick 14 points15 points16 points 3 days ago (4 children) Funding war with borrowed money is as old as our recorded history. The difference is that today it’s generally borrowed from our future generations rather than from other people. permalink embed save parent report reply [–]rock-island321 10 points11 points12 points 3 days ago (3 children) The big difference is that there was a limit to how much gold could be lent. It was a finite resource and would come with a hefty interest or even a spoil of the war if it was won. Today, the debt is created out of thin air, which not only means that entering or creating a conflict has no real cost in the moment, and hence, little care need be given to the decision. Life is cheap and plentiful, and weapons, fuel, and armour purchases are cycled back into the economy, public money going to private individuals, which is one of the biggest incentives, certainly for the U.S. Then you have all the contracts awarded after the fact, usually to U.S. corporations. That is the deal. permalink embed save parent report reply [–]MeetingBrilliant 4 points5 points6 points 3 days ago (0 children) Great content bro! permalink embed save parent report reply [–]No-Sympathy-5815 2 points3 points4 points 3 days ago (0 children) Not only that, but now the United States government is running out of organic demand for it's debt on the open market. Other nations are selling treasuries instead of buying them while private investors are demanding a much higher interest rate causing the budget deficit to explode in order to cover interest payments. We are reaching the point where the only buyer left will be the Federal Reserve. When that happens, the USA will no longer be issuing debt to pay it's bills, but rather just printing currency behind the scenes via the central bank. Every possible propaganda effort will be made to obfiscate this fact to the general public since the average normie has no idea how "money" is actually created. The government will blame the coming inflation on Putin, on China, on the war in Israel, on the next pandemic, on the Germans or whatever new scapegoat they dream up next all in order to conceal the truth from the public. The truth being that the United States can no longer pay it's bills without substantially devaluing the dollar and crushing whats left of the middle class. permalink embed save parent report reply [–]HalfRick 0 points1 point2 points 2 days ago (0 children) You realise you’re just saying the same thing that you replied to, right? permalink embed save parent report reply [–]superphly 3 points4 points5 points 3 days ago (0 children) This is the best lead in to introduce Bitcoin. :) permalink embed save parent report reply [–]DevDaniel260redditor for 2 weeks 1 point2 points3 points 3 days ago (0 children) Fascinating response, thank you. This is why I love this subreddit. permalink embed save parent report reply [–]Umpire_State_Bldg 32 points33 points34 points 4 days ago (0 children) Gee. Every organized crime mob has its own "turf". I say, "separation of money and state". permalink embed save report reply [–]Ima_Wreckyou 6 points7 points8 points 3 days ago (0 children) I see it completely the other way around. Every community should be able to create their own money. Bitcoin is the neutral money to exchange value between different communities. permalink embed save report reply [–]richardto4321 31 points32 points33 points 4 days ago (0 children) And that's why we're still early. permalink embed save report reply [–]Your_As_Stupid_As_Meredditor for 6 weeks 14 points15 points16 points 4 days ago (7 children) I look around the world and see countries that dont even know how to build side walks. not even America. This hit hard, and I live in America. Lmao We have tons of areas with half built sidewalks that started in the 80s and still to this day never finished. We have a bus stop around the corner on a hilly grass spot, absolutely no sidewalk but they decided to put a bench there.... with no walkway leading to it, or even a cement stoop for it to be on. Just a random bench on the side of a random grassy hill. Once snow comes it's just a snow pile from the roads being plowed, it's no longer a bus stop then. permalink embed save report reply [–]cliff_smiff 5 points6 points7 points 4 days ago (4 children) Not trying to downplay what you're saying, and obviously I am not imagining the actual hill and bench accurately. But it's funny to think about a bench on a grassy hill that nobody will sit on because the municipal works didn't pave a walking path up to it. permalink embed save parent report reply [–]Randomd0g 6 points7 points8 points 3 days ago (1 child) a bench on a grassy hill that nobody will sit on because the municipal works didn't pave a walking path up to it. Entire town is full of Rollercoaster Tycoon NPCs. Can only walk on path. If remove from path will freeze up and panic. permalink embed save parent report reply [–]mutinomonem 2 points3 points4 points 3 days ago (0 children) Probably full of people that are disabled from the poison they eat because big business needed to make profit from industrial waste. permalink embed save parent report reply [–]Your_As_Stupid_As_Meredditor for 6 weeks 2 points3 points4 points 4 days ago* (1 child) And it's even engraved "in memory of xxx". It's ridiculous. It's like they were forced to provide the bench, but not obligated to provide a walking path to it. Edit to add. The hill is at maybe a 40°~ pitch and the bench is about 15ft uphill from the edge of the road. permalink embed save parent report reply [–]Randomd0g 2 points3 points4 points 3 days ago (0 children) That's not a bench, that's an ab workout. permalink embed save parent report reply [–][deleted] 3 days ago (1 child) [deleted] [–]Your_As_Stupid_As_Meredditor for 6 weeks 0 points1 point2 points 3 days ago (0 children) Well, that's partially due to our "roadways budget" is usually shoved in someone's pocket instead of going towards the roads.... There was a scandal in my home state 400 million dedicated to the roads was "magically gone". permalink embed save report reply [–]StackOwOFlow 3 points4 points5 points 4 days ago (0 children) and see countries that dont even know how to build side walks but what about the countries that do? permalink embed save report reply [–]igadjeed 5 points6 points7 points 3 days ago (0 children) Why should every country have its own money? National sovereignty permalink embed save report reply [–]abagofmostlywater 2 points3 points4 points 3 days ago (0 children) Because the forex business makes 3x daily what the entire world produces in GDP. Without delivering any real value. We don't need separate currencies. We need less greed permalink embed save report reply [–]zakate 13 points14 points15 points 4 days ago (1 child) Why should you be entrusted to manage your own money? You don't even know why other countries are entrusted to manage their own money. permalink embed save report reply [–]Shazvox 6 points7 points8 points 4 days ago (0 children) Yeah! Besides I don't see OP building any sidewalks... permalink embed save parent report reply [–]direktor4eto_rebornredditor for 3 months 6 points7 points8 points 4 days ago (1 child) You are clueless about economics, obviously. Go study some before getting grand ideas. permalink embed save report reply [–]Snoo62101 1 point2 points3 points 3 days ago (0 children) I disagree, OP's question still makes sense even if OP is clueless about economics. Every nation state has a strong incentive to create and use its own currency to control and manage its own economy instead of relying on a external/foreign currency. However, what about the individual? What are their incentive to use their nation currency (which is perpetually diluted away by design) vs using hard money that no government can dilute away? Eventually most people might store all their value in Bitcoin and use national currencies only for practical reasons when the situation doesn't allow using directly Bitcoin. The current system has been working as is for so long because technology hadn't invented an opt out solution for the individual yet. October 31th 2018 changed that forever. permalink embed save parent report reply [–]Plus_Screen4706 1 point2 points3 points 3 days ago (0 children) The Sad truth to this wishful dream that will inevitably happen. Human nature... the ingrained, natural paranoia against different races and the unrelenting desire to ensure a groups safety. If bitcoin weee to replace monetary systems across the globe, the 1% would do everything to ensure the other races couldn't use it or at least stiffle its use for their own gain. Its the amount if power and influence the military have thats the greatest issue with standard of modern life. permalink embed save report reply [–]Dolobene 1 point2 points3 points 3 days ago (0 children) National currencies work together with state taxes raised by the respective national government. A country's gov enforces taxation, which can only be paid in the currency that the gov issues. Thus, by mere existence, a citizen is immediately in debt to the gov, as in due to pay taxes. permalink embed save report reply [–]throwaway345t632 1 point2 points3 points 3 days ago (0 children) Whatever people agree to exchange between themselves for goods and services will be accepted as currency. permalink embed save report reply [–]Pacture 1 point2 points3 points 3 days ago (0 children) Because, generally speaking, each country has its own economy with its own domestic markets and foreign trade agreements. The question, really, is why would you want two economies to be chained to the same monetary policy when their economies have their own unique needs? A universal monetary policy necessarily means economies won't have levers to pull when they need to confront inflation or unemployment. Not to mention a global currency would mean a central point of failure. Edit: Addendum Why are we assuming Bitcoin's monetary policy will even work for most people? The population of the world will have almost no capacity to change that monetary policy if it becomes problematic. permalink embed save report reply [–]MicroAlloyDiffusion 1 point2 points3 points 3 days ago (0 children) Side-walks are over-rated permalink embed save report reply [–]Toamtocan 4 points5 points6 points 4 days ago (1 child) Because it's their country. permalink embed save report reply [–]BuyRackTurk -1 points0 points1 point 3 days ago (0 children) Because it's their country. With fiat, no it aint. The whole point of fiat is to dispossess people of power. If it was the country of the people who live there, they would have bitcoin. Bitcoin gives people back their nation. permalink embed save parent report reply [–]tupidatabaredditor for 2 months 2 points3 points4 points 4 days ago (0 children) Not every country has its own money, Ecuador currency is US Dollar actually. But the governments that can have would prefer it just to print money whenever they want. permalink embed save report reply [–]manuru-neko 4 points5 points6 points 4 days ago (9 children) Right now Japan’s Yen is about to hit 150 / 1 USD. That’s really shitty for me living here and interacting with my US Bank. But the cheaper the yen gets, the more attractive it is for people to travel here and buy products made in Japan. This increases the demand for yen and (hopefully) leads it to an increase in the value of yen and a more stable rate. If every country country used the same currency, there’d be no fluctuation.Ultra rich countries would inflate the value and there’d be no incentive to manufacture goods in developing nations. Some fluctuation is okay (and at times beneficial). It’s hyper inflation (or even a fixed global rate) that would cause problems. permalink embed save report reply [–]BastiatF 2 points3 points4 points 3 days ago (5 children) Developing countries would still have comparative advantages such as lower costs of production or access to natural resources. Are you saying that without their own currency China and India would not be industrializing? permalink embed save parent report reply [–]manuru-neko 1 point2 points3 points 3 days ago (4 children) I’m just saying that sometimes it’s okay if the value of a currency fluctuates. And right now the cost of living in China is going up, leading to a lot of those manufacturing jobs going to other countries. The purpose of money is different for an individual than it is for a country. Since I don’t work in any tourism related fields, I don’t see any direct effects to increasing tourism. And if my wages don’t increase (which they historically haven’t over the past 30 years in Japan), then in the short term, my net worth is decreasing which is why I choose BTC and their investments to retain my purchasing power. But as a country, Japan’s weakening yen is actually giving them a bit of a boost to the economy which wouldn’t be there if the yen remained around 100 / $1 permalink embed save parent report reply [–]BastiatF -1 points0 points1 point 3 days ago (2 children) All you're doing is making your economy artificially more competitive by impoverishing your entire nation (apart from those with early access to the money printers). permalink embed save parent report reply [–]manuru-neko 1 point2 points3 points 3 days ago (1 child) Not necessarily, the weak yen has already spurred a huge rush in tourism as well as property sales and many other things that will allow an influx of money to work its way through the economy. Plus now all the products manufactured in Japan are being sold at a discount globally because our wages have stayed the same, but the exchange rate makes it so you get more yen for your buck. I should also mention that we have had inflation, but nowhere near the levels that are being seen in the US / Europe. Our gas prices have gone from ~160\L to about 175/L right now. Food packages have also shrunk somewhat, but my overall monthly expenses haven’t increased that much since before the pandemic. Japan’s economy is also a weird one so maybe it’s not the best example. We’ve been fighting deflation for a while now which is a whole different problem. But basically I think of it like supply and demand. Most places don’t accept paper USD in Japan, so you usually need to exchange your money before you can buy anything here. So $1 USD is burned and 150 yen is created (minus the exchange fees). This allows for totally new money to be spread through the Japanese economy which didn’t exist before, and now less money can be spread through the US economy. That’s why tourism is so valuable, an influx of new money enters a system without the need for any central bank to create it. permalink embed save parent report reply [–]BastiatF 1 point2 points3 points 3 days ago (0 children) No USDs are not burned and JPYs are not created when you exchange dollars for yen. Fiat currencies are created when commercial banks make loans and destroyed when they are repayed. Also you seem to be equating creating money and wealth. You can't create real wealth just by entering a bigger number in a database. permalink embed save parent report reply [–]rwdrift 0 points1 point2 points 3 days ago (0 children) The weakening Yen is just a sign that they are likely becoming a poorer country. It's a symptom rather than a cause. Poorer countries will always be willing to work for less. permalink embed save parent report reply [–]rwdrift 1 point2 points3 points 3 days ago (0 children) No, there will *always* be some countries that are wealthier than others, no matter whether they use the same currency or not. The poorer countries will be more willing to work for less (they have a stronger desire for money), attracting more industry until they become rich, and so the cycle continues. permalink embed save parent report reply [–]trufin2038 1 point2 points3 points 3 days ago (0 children) Eliminating currency based trade imbalance is a good thing. Its a distortion. permalink embed save parent report reply [–]privacyguyincognito 0 points1 point2 points 4 days ago (0 children) Finally someone that gets it. permalink embed save parent report reply [–]Mike8219 1 point2 points3 points 4 days ago (24 children) Why couldn’t corruption be funded by Bitcoin? permalink embed save report reply [–]Godfreee 7 points8 points9 points 4 days ago (12 children) Corrupt officials can't print more Bitcoin to finance their own debts and wars. permalink embed save parent report reply [–]Mike8219 0 points1 point2 points 4 days ago (11 children) They can be bribed pretty easily. permalink embed save parent report reply [–]trufin2038 2 points3 points4 points 3 days ago (3 children) Sure, but who would bother bribing them when they can't sell a power they dont have. permalink embed save parent report reply [–]Mike8219 -1 points0 points1 point 3 days ago (2 children) There is no government if we all switch to Bitcoin? permalink embed save parent report reply [–]trufin2038 0 points1 point2 points 3 days ago (1 child) A lot less for sure. permalink embed save parent report reply [–]Mike8219 0 points1 point2 points 3 days ago (0 children) But there still is so they still have power. You’re getting rid of the fed and treasury but why would they impact anything else? permalink embed save parent report reply [–]McDredd 0 points1 point2 points 3 days ago (5 children) In the fiat system the bribes are afforded through printing and expansion of the currency. Edit: they defo don't pay them with their own money. permalink embed save parent report reply [–]Mike8219 0 points1 point2 points 3 days ago (4 children) Isn’t there government and government spending in a world with no fiat and only Bitcoin? permalink embed save parent report reply [–]McDredd 0 points1 point2 points 3 days ago (3 children) Yes, but they have to account for it. They can't just print more and throw it around. Bitcoin says "The Can stops here". permalink embed save parent report reply [–]Mike8219 0 points1 point2 points 3 days ago (2 children) Why couldn’t they tax Bitcoin, be brided anonymously, and spend on projects their voters wouldn’t want them to or maybe enriches them personally? If some legislator owns a fencing company they could still appropriate funds collected in bitcoin to new fencing projects. permalink embed save parent report reply [–]McDredd 0 points1 point2 points 3 days ago (1 child) It's not likely to just stop at all. But much of the cronieism and the corporate buddy buddy system is funded through a constant supply of money made out of thin air that Jo public can't track and see the trail of. Hopefully at least increased accountability through increased visibility. Personally, I prefer decentralisation of power to smaller constituencies. Then local people are hiring locals to do the job who are then directly accountable to the locals they live with. Seeing through to what we end up with is impossible I can only describe what I hope is a better way and more can go, yes I like this. permalink embed save parent report reply [–]Mike8219 -1 points0 points1 point 3 days ago* (0 children) It's not likely to just stop at all. But much of the cronieism and the corporate buddy buddy system is funded through a constant supply of money made out of thin air that Jo public can't track and see the trail of. Sorry, why can’t you keep track of it now? Even if money is created we know where it’s appropriated. Hopefully at least increased accountability through increased visibility. Personally, I prefer decentralisation of power to smaller constituencies. You mean smaller government? Then local people are hiring locals to do the job who are then directly accountable to the locals they live with. When your city builds a road they don’t already hire a local company with dollars? permalink embed save parent report reply [–]BastiatF 1 point2 points3 points 4 days ago (7 children) Power corrupts. Bitcoin remove the power to steal other people purchasing power. permalink embed save parent report reply [–]Mike8219 -1 points0 points1 point 3 days ago (5 children) I would contend the people controlling Bitcoin would be pretty corrupt then. The rich would get richer with btc too. permalink embed save parent report reply [–]BastiatF 0 points1 point2 points 3 days ago (4 children) Nobody controls Bitcoin. You can't print new bitcoins for free to steal the purchasing power of others. The only way to get more bitcoins is to provide goods or services to willing buyers unlike fiat. permalink embed save parent report reply [–]Mike8219 0 points1 point2 points 3 days ago* (3 children) The whales do. Do you see any issues that may arise with a swap from fiat to Bitcoin? Do you see any issues with mass amounts of wealth of the few with the current system? permalink embed save parent report reply [–]BastiatF 0 points1 point2 points 3 days ago (2 children) Again, the whales can't print bitcoins. Under a Bitcoin standard you can't get more bitcoins through the money printer and you also can't consume without giving up some of your bitcoins. Your objection that some have more bitcoins than others is a Nirvana fallacy. permalink embed save parent report reply [–]Mike8219 0 points1 point2 points 3 days ago (1 child) The cap can be changed though. It’s not written into granite. We are just assuming it won’t but it could. History is long and the more people using a currency means more opinions on its valid state. And whales already do control vast swaths of it. We don’t need to make more for control because there is a massive imbalance already. Now if we add every human to it that imbalance will only look worse. Do you have an issue with the wealth inequality that exists today? With whales in the fiat system? permalink embed save parent report reply [–]mutinomonem -1 points0 points1 point 3 days ago (0 children) It corrupts even those that think the couldn't be corrupted. Humans controlling a supply of money has always lead to debasement. permalink embed save parent report reply [–]fringecar -2 points-1 points0 points 4 days ago (2 children) Yeah, bitcoin only addresses inflation of the M0 currency. Doesn't eliminate wealthy people; doesn't eliminate inflation of M1, M2; definitely doesn't get sidewalks built permalink embed save parent report reply [–]Mike8219 1 point2 points3 points 3 days ago (1 child) And if it’s inflation what if whales just don’t buy anything. They just sit on their btc like dragons. Individuals can reduce the money supply. permalink embed save parent report reply [–]fringecar 0 points1 point2 points 3 days ago (0 children) For sure. Also inflation even without dragons would mirror global productivity. If two people lives through different 60 year periods but both saved 10% of their wages, then one would be wealthier than the other. permalink embed save parent report reply [–]el_rico_pavo_real 1 point2 points3 points 4 days ago (0 children) Love this argument lol. permalink embed save report reply [–]No-Recipe-4578 1 point2 points3 points 4 days ago (0 children) If they cant build sidewalks, I guess they can’t use computers. permalink embed save report reply [–]FATALEYES707 1 point2 points3 points 4 days ago (0 children) Is currency stability not a consideration? permalink embed save report reply [–]mSchmitz_ 1 point2 points3 points 4 days ago (0 children) Just read up on MMT. permalink embed save report reply [–]iskandar_kuning 1 point2 points3 points 4 days ago (0 children) Because not all country is El Salvador? permalink embed save report reply [–]PM_ME_UR_CHERRIESredditor for 6 weeks 1 point2 points3 points 3 days ago (17 children) There will be only 21 million bitcoin. How will that be distributed between 9 billion people? permalink embed save report reply [–]Original_Delivery_15 2 points3 points4 points 3 days ago (15 children) Distribution is not the problem. There are other more important limitations: - Transaction speed and cost - No. of transactions per second (lightning network kinda solves this but has its own issues) - Complexity! How can you preach “not your keys, not your coins” to people that cannot even read? Even buying stocks is easier than buying and storing BTC in a hard wallet. - BTC is a pseudonymized public ledger. When you deposit money to someone, you know one of the wallets of that person and you can spy on the transactions of that wallet. If that person has many wallets and transfers funds between them, it also becomes pretty clear which are the other wallets; it’s also complex to manage and not free. - Fraud protection in BTC is zero. - Lose your keys, lose everything forever Many people have already said it: the fact it’s been 15 years and people still say “it’s early” and the fact that people take videos of them paying with BTC in their local shop tell you all you need to know. You don’t see people taking videos of how they pay with cash, credit card, phone, watch or even ring, because it’s the standard, there’s no novelty… and paying with a watch/ring is less than 15 years old. permalink embed save parent report reply [–]PM_ME_UR_CHERRIESredditor for 6 weeks -1 points0 points1 point 3 days ago (14 children) How is BTC able to sustain as a currency when the people now are using it as an investment? It's deflationary by nature, why would they spend it if the price will rise later? permalink embed save parent report reply [–]rwdrift 1 point2 points3 points 3 days ago (6 children) Because eventually they'll have to in order to live. permalink embed save parent report reply [–]PM_ME_UR_CHERRIESredditor for 6 weeks 1 point2 points3 points 3 days ago (5 children) So those whonalready have a lot will get richer over time and those who don't have a lot have to spend it and can't save? Sounds as f'ed up as the system we already have. permalink embed save parent report reply [–]rwdrift 0 points1 point2 points 3 days ago (4 children) Everyone is free to buy it at any time - the earlier you buy the cheaper, but greater risk of it going to 0. It's the fairest way it could possibly be. Once things have settled down in the decades to come, and everyone has the majority of their wealth in bitcoin, it will shut down the banksters' money printing scam, and the natural order of the world will begin it's long recovery, ultimately to be run by the people who deserve the power, rather than the banksters who obtained their unimaginable power through nefarious means (money printing) permalink embed save parent report reply [–]PM_ME_UR_CHERRIESredditor for 6 weeks 0 points1 point2 points 3 days ago (3 children) the earlier you buy the cheaper, Unless the price crashes/drops. permalink embed save parent report reply [–]rwdrift 0 points1 point2 points 2 days ago (2 children) The price can go to 0 at any time. permalink embed save parent report reply [–]PM_ME_UR_CHERRIESredditor for 6 weeks 0 points1 point2 points 2 days ago (1 child) Sounds very unsafe. Thanks for the warning. permalink embed save parent report reply [–]rwdrift 0 points1 point2 points 2 days ago (0 children) Yeah, I don't think it's for you. permalink embed save parent report reply [–]Original_Delivery_15 -1 points0 points1 point 3 days ago (6 children) Well technically, improved productivity should result in falling prices (stuff is easier to produce -> cheaper). But practically it does not work like that, because people are greedy by nature and prefer to hoard vs spend in general (it might feel otherwise, but inflation it exactly what makes people want to spend more and live on credit). Being greedy and saving is not a bad thing, but it means that the money stays still, therefore less goes into the economy (and also Governments earn nothing from money that doesn’t move) permalink embed save parent report reply [–]PM_ME_UR_CHERRIESredditor for 6 weeks 2 points3 points4 points 3 days ago (5 children) So Bitcoin is marketed as a currency but people are doing the opposite - they are using it as an investment? This is confusing to me. permalink embed save parent report reply [–]Original_Delivery_15 2 points3 points4 points 3 days ago (2 children) It is confusing to you because it is indeed confusing. People are using to speculate and hope that one day people will use it as a normal currency (or more people will use it as a store of value). Nobody knows if/when that will happen. Everyone talks about price going up because of the next halving, as if nobody knows and price has not taken it into account already. Nobody (not even my friends) has been able to give me a good reason why owning BTC makes sense. Apart from the Fear Of Missing Out and the hope that price will go up, there isn’t really much more about BTC at this precise moment. permalink embed save parent report reply [–]PM_ME_UR_CHERRIESredditor for 6 weeks 1 point2 points3 points 3 days ago (0 children) In other words, everyone is buying it to hold until the value rises, while hoping that everyone else will spend it. permalink embed save parent report reply [–]Original_Delivery_15 0 points1 point2 points 3 days ago (0 children) And mind you: most people that “buy” BTC don’t even own it. They use some crypto exchanges and keep their BTC there, potentially loosing it one way or the other (like this Binance guy). It’s gonna be even more ridiculous with this BTC ETF. permalink embed save parent report reply [–]rwdrift 1 point2 points3 points 3 days ago (0 children) To be any use as a money (in particular, unit of account), a money needs to be able to store value well. This is the stage bitcoin is at - it's proving itself and will be for decades to come. Once it's value has increased and stabilised enough that it makes a better unit of account and medium of exchange than anything else (i.e. $xx million/BTC), it will be used for that too. It's just maths + nature. permalink embed save parent report reply [–]McDredd 0 points1 point2 points 3 days ago (0 children) No one is going to use anything as currency/money if it has no value. First its recognised as a store of value then it will be used as medium of exchange. For some recognition of its value happend long ago and they are eager for the change/evolution to medium of exchange and have many already started. Its not a today one way, tomorrow the other. Bit by bit, one block at a time. permalink embed save parent report reply [–]BuyRackTurk 0 points1 point2 points 3 days ago (0 children) How will that be distributed between 9 billion people? by merit, duh. permalink embed save parent report reply [–]Old_Cartoonist7266 1 point2 points3 points 4 days ago (0 children) Unpopular opinion. I don’t even know how to pave a sidewalk, why should I be trusted with my money? permalink embed save report reply [–]Numerous-Kitchen-774 0 points1 point2 points 4 days ago (0 children) Lmao imagine thinking that governments will actually change. Seriously though, you're wrong in the very first sentence. If they can't be trusted to build sidewalks with their own currency, why on earth would you expect it to be different under Bitcoin? Being a public ledger is amazing, but just because there's a public nature to it doesn't mean it magically eliminates corruption. permalink embed save report reply [–]looneytones8 1 point2 points3 points 4 days ago (0 children) Preach permalink embed save report reply [–]Randomd0g 0 points1 point2 points 3 days ago (0 children) Every time I see a post like this I always think it reads like the person has only had half of the thought process. You're having the realisation that nation state governments are corrupt, stupid, and often act in the interests of the politicians instead of the people. All of that is correct, so my question becomes "Why Stop At Bitcoin?" Sure, advocate for a world currency that is run by the people for the people, that is a GREAT idea, but why stop there? Why not government too? Why not advocate for abolishing nation states entirely and running the entire planet as a truly democratic collective? Yes, bitcoin is great, and it's a part of that puzzle but it's only one tiny part. Let's do the rest. permalink embed save report reply [–]Chieres 0 points1 point2 points 4 days ago (0 children) Money control gives you a lot of power. Most governments would not willingly give that up. Even in EU a lot of countries are reluctant to adopt a common currency. People should want that, governments never will. permalink embed save report reply [–]Dettol-tasting-menu 0 points1 point2 points 4 days ago (0 children) They aren’t “entrusted”… permalink embed save report reply [–]theoreoman 0 points1 point2 points 4 days ago (1 child) You know that if the world decided on a global crypto currency they would just make Thier own amd not use BTC permalink embed save report reply [–]LifeIn6thGear23redditor for 4 weeks 0 points1 point2 points 4 days ago (0 children) That is the next step “institutional crypto brought to you by the Federal Reserve with the catch phrase “trust us” we know what’s right for you permalink embed save parent report reply [–]nothingbutmine 0 points1 point2 points 4 days ago (0 children) Jfc. permalink embed save report reply [–]rock-island321 0 points1 point2 points 3 days ago (2 children) So who's going to fix that sidewalk? permalink embed save report reply [–]Original_Delivery_15 1 point2 points3 points 3 days ago (1 child) BTC, obviously permalink embed save parent report reply [–]rock-island321 2 points3 points4 points 3 days ago (0 children) I've got a bit of painting needs doing at home. Reckon btc could find time? permalink embed save parent report reply [–]DirkDiggler1888 0 points1 point2 points 3 days ago (0 children) "Why should they be entrusted to manage their own money". Wow, what a truly American thing to say. permalink embed save report reply [–]ryoma-gerald -1 points0 points1 point 4 days ago (0 children) So that the governments can continue to dominate and exploit their subjects. permalink embed save report reply [–]finnypiz -1 points0 points1 point 3 days ago (1 child) To tax their folks via inflation.. ;) Bitcoin is freedom from slavery. permalink embed save report reply [–]Flat_Argument_2082 0 points1 point2 points 3 days ago (0 children) You’ll have to fill me in on how inflation is a tax because generally when a country levies a tax they actually receive that revenue. But let’s not let obvious knowledge deficits get in the way of a good circlejerk. permalink embed save parent report reply [–]meatismoydelicious -2 points-1 points0 points 4 days ago (0 children) Yeah, we know. Stop screaming it. We're trying to stack before they figure it out. permalink embed save report reply [–]lalich -1 points0 points1 point 4 days ago (1 child) 🥂 permalink embed save report reply [–]lalich -1 points0 points1 point 4 days ago (0 children) And 🏴‍☠️🤙 permalink embed save parent report reply [–]idreamofjeanshorts -1 points0 points1 point 3 days ago* (0 children) Id guess Gresham's law leaves nothing left in the country for people to exchange. They also had no cell phones or means of even rationalizing or conducting alternative exchanges. Now with modern cellphone value can be retained in the internet, which is pretty neat. permalink embed save report reply [–]traviszzz -1 points0 points1 point 3 days ago (0 children) Government is just like a private corporation and the most of important thing is to generate revenue. You can collect or print. Wouldn't you want to be able to print money? permalink embed save report reply [–]Cardanoarkredditor for 3 months -1 points0 points1 point 3 days ago (0 children) Oh preach it brother! (Or sister!) Well said! permalink embed save report reply [–]mohitesachin217 -1 points0 points1 point 3 days ago (0 children) Improved my some of knowledge permalink embed save report reply [–]jt7855 -2 points-1 points0 points 4 days ago (0 children) The great thing about BTC is that those countries without sidewalks and few natural resources can mine BTC. permalink embed save report reply [–]Freshysh[🍰] -2 points-1 points0 points 4 days ago (1 child) They tried to make everyone in Europe to use Euro. But many countries just said no. Out own money is superior 🤷 permalink embed save report reply [–]rwdrift 1 point2 points3 points 3 days ago (0 children) A good reason for that is because by handing control of the supply to someone else, they aren't getting the same proceeds from printing money - the proceeds are going to someone else. No one can print bitcoin. No one can increase the supply other than by putting in an equal amount of work in exchange. Its the monetary end game. Some countries will try to hold onto the power to print their own currency, but inflating their supply will simply cause their currency units to go down in value compared to bitcoin, and no one will want it. permalink embed save parent report reply [–]GenghisBanned -2 points-1 points0 points 3 days ago (0 children) Every country having a different currency is utterly stupid if you think about it. permalink embed save report reply [–]sylsau -3 points-2 points-1 points 3 days ago (0 children) Bitcoin is the Solution. permalink embed save report reply [–]FreitasAlan -4 points-3 points-2 points 4 days ago (0 children) According to them, you can’t be too “libertarian” or there would be no one to build road. In the age of AI and these people are discussing roads. It’s just embarrassing. permalink embed save report reply [–]RevolutionaryPick241 -5 points-4 points-3 points 4 days ago (0 children) It shouldn't. Money is a private invention that governments individually had monopolized. permalink embed save report reply [–]Guguhirse 0 points1 point2 points 3 days ago (0 children) Lol „Not even america“…US is biggest shithead of all the countries. permalink embed save report reply [–]SoggyChilliredditor for 3 months 0 points1 point2 points 3 days ago (0 children) The same reason theme parks and arcades give you fake money to use. It's easier to manipulate permalink embed save report reply [–]WebexBlackredditor for 6 weeks 0 points1 point2 points 3 days ago (0 children) Every country produces its own economic value. If every country used the same currency some would just own more of it than others. Currency and services or products are all the same. It’s similar to 2+2=4 you can separate it and say 2+2 equals to 4 or you can say another way of saying 4 is 2+2 (or 3+1 etc). Right now there are other annoying things in the mix from letting the markets stabilize and I think low key that’s what the governments want to maintain, but in general it’s mostly unavoidable. So there is no actual need for countries to use different stuff, it’s just that right now they do for various reasons. permalink embed save report reply [–]Infinite_Recover5772 0 points1 point2 points 3 days ago (0 children) I dunno after what just happend in canada I've lost faith om btc the government just made a bunch of stupid regulations about what u can and can't do with ur btc affectivly making it impossible to trade om tje country if you have less then five million dollars as a way of "protecting us from ftx style collapses" even though ftx only collapsed because binnace started a bank run when they took all of their ftx tokens and put them for sale on the market in one shot created a janga effect om the ftx price and they had liquidity crisis.cause 11 billion was wiped out in the course of two days. Leaving the company insolvent I don't believe he was committing fraud he was just stupid and over invested in him self, but now because an exchange collapsed that was being run by a child with no financial experience we all have to suffer and only the super wealthy get access to the instruments needed to play the game, you can only buy crypto om canada at scam exchanges that charge lile 4 percent just to purchase the asset trading in out of your position isn't profitable with fees associated its basically u can buy crypto Nad your going to be at mercy of the Ritch espically with crypto getting put on traditional finacial rails with etfs we the people will be left un able to do anything cause they will use there millions abd Create maximum pain to shake u out of ur tokens and we won't be able to band together. To stop it. Watch I guarantee the us adopts similar rules in the near. Future it's a fucking joke no one in canada is doing anything as per usual the government fucks us over and we just except it hear this country is full of push over fukc sticks who take it up the ass god I can't wait to give up my citizen ship the first chance i get fucking pay all that tax for ahit health care and support those useless fuxks who work in the government just to over regulate the shit put of everything fuck Trudeau and the csa u fucking booomers ruin everything just fukcing go. Out in a field and die already your generation is the worst fukcing greedy pigs making it impossible for the next generation to succeed like ur under an illusion ur house value going up doesn't make u richer its just making it so every can't own a home its fucking non sense your getting secretly taxed because ur making the money worthless u retards anyways btc was supposed to stop this shit but I don't see any exchanges saying fuck u to canada government and taking our bussiness if we use vpns bunch of fucking pussy ass cunts like why the fuck does binnance and everyone else just bend if we aren't making the trades on Canadian soil u should fucking take our bussiness anyway cz a fucking pussyge leaves his fellow candiams in position where they only have access to a loosing bet and no margin when he could easily accept our bussiness if we used a VPN. And no in canada is fighting this shit if this happend in the states it would be in court the first fucking day no one would take this shit our crypto regulations have destroyed the industry on canada explain to me how stable coins are securities 1 coin equals 1 dollar lol fuck this fucking baron fucking wasteland 1 million more immigrants in desperate plea to revive the housing market canada only export houses to foreigners only no one is dumb enough to buy at fucking 8 percent interest rates so they are going to be renting so housing prices will fall but rent will probably go up lol that's smart leader ship and our dollar is going to collapse lol hahaha and we can't trade crypto lol at any of the big exchanges stuck on a sinking ship. permalink embed save report reply [–]ardevd 0 points1 point2 points 3 days ago (0 children) In fairness, during the gold standard national currencies were pegged to the gold reserves and having national currencies was just a matter of practicality (not having to carry lumps of gold around, etc). However, after leaving sound money principles behind national currencies are now prime tools to try to steer the economy (with varying degrees of success) permalink embed save report reply [–]Ur_mothers_keeper 0 points1 point2 points 3 days ago (0 children) I think every person should be able to choose their own money, in a free market. You're right, governments have no business maintaining a money. permalink embed save report reply [–]sn0wballa 0 points1 point2 points 3 days ago (0 children) they create the money so you play by their rules, simple. complete control over all facets of life as long as you adhere to their currency. bitcoin is anti-this-system and why they hate it. permalink embed save report reply [–]Extra-Dentist-3878 0 points1 point2 points 3 days ago (0 children) Because they can ? permalink embed save report reply [–]vtelmo 0 points1 point2 points 3 days ago (0 children) Countries should manage their money, and they do. The only difference with hard money is that governments & its populations are then liable for the wrong or right doings of its politicians. Accountability! permalink embed save report reply [–]glkwO 0 points1 point2 points 2 days ago (0 children) It only looks like the big nations do a better job of managing their fake money because they have so much more capital to destroy. permalink embed save report reply [–]Thin-Tap3836 0 points1 point2 points 2 days ago (0 children) Live in reality…Fiat currencies will never go away. Bitcoin is the first thing that gives the population of the world a fighting chance to have an asset the governments can’t fuck with permalink embed save report reply [–]Crypto__Sapien 0 points1 point2 points 2 days ago (0 children) You raise a thought-provoking point. There are arguments on both sides of countries maintaining monetary sovereignty: Reasons for separate currencies: Allows countries to set monetary policy tailored to their economic conditions Provides fiscal flexibility, like printing money and managing interest rates Symbols of national identity and independence Necessary in very large or diverse currency unions Reasons for shared currencies: Eliminates currency volatility and exchange rate risks Promotes stability and transparency when managed by credible institutions Increases trade and financial integration between nations Provides resilience against local mismanagement or corruption Cryptocurrencies like Bitcoin provide an alternative model of "monetary policy by algorithm" that transcends borders. But fully opting out of national currencies has major complexities around financial regulation, taxes, instability, and adoption challenges. Overall there are reasonable arguments on both sides. For large diverse economies, localized monetary policy may make sense. But for smaller nations, the benefits of currency unions or crypto could outweigh independence. There are many nuances to this issue and smart people can disagree. But the discussion of optimal currency systems will likely continue as global economics evolve. permalink embed save report reply

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Re: [spam][crazy][fiction][random] Non-Canon MCBoss Spinoffs
by Undescribed Horrific Abuse, One Victim & Survivor of Many 12 Oct '23

12 Oct '23

On 9/26/23, Undescribed Horrific Abuse, One Victim & Survivor of Many <gmkarl(a)gmail.com> wrote: > do you remember that desire to have access to a webcomic page before > it is published? > > what if a webcomic was intercepted for political misinformation, and > the author put their creation process on a blockchain video feed to > add strength to their publication being the real one? > > where would people's desire for the next webcomic iteration go? the > button clicks for refreshing the page? > > especially in an environment with hypnotic behavior influence driven > by overtrained marketing AIs? > > --- > > a fleet of tanks drive up to the home of a webcomic artist > > a nerd gets out of the tank closest to the front and approaches the > artist, who is mid-drawing > > nerd [brandishing missile launcher, to artist]: "tell me a joke." > > four more nerds pile out of other tanks and approach the artist. > > four nerds: "tell me a joke." > > a fifth nerd gets out > > fifth nerd: "I'll pay you 5 thousand cryptocreds to hear a joke in the > next hour." > > third nerd: "I'll pay you 10 thousand cryptocreds to hear a joke in > the next minute!" >

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