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BlueDuckBTC
Member since: 2024-05-19
 BlueDuckBTC
BlueDuckBTC 7h

#bitcoin #nostr #maga

#bitcoin #nostr #maga
 BlueDuckBTC
BlueDuckBTC 8h

#capitalism is a religion that was sold to the masses using hope to brainwash. #bitcoin #nostr #capitalismsucks

#capitalism #bitcoin #nostr #capitalismsucks
 BlueDuckBTC
BlueDuckBTC 1d

Why do most of you blame the government? The corruption comes from #capitalism seeking to further profit making. Greed has always corrupted society and governing bodies…capitalism thrives off greed. #bitcoin #nostr #capitalismsucks

#capitalism #bitcoin #nostr #capitalismsucks
 BlueDuckBTC
BlueDuckBTC 13d

When you boil it down, it really is that simple. #bitcoin #nostr #capitalismsucks

#bitcoin #nostr #capitalismsucks
 BlueDuckBTC
BlueDuckBTC 2d

Cool

 BlueDuckBTC
BlueDuckBTC 20d

Debasing of currency, what problem does that cause which would inhibit corporations from paying proportionate wages compared to growing profits and rising inflation?

 BlueDuckBTC
BlueDuckBTC 2d

1. Is wrong, history shows poverty has remained stagnant relative to technological advances and value generation. But nice try. Give me a time where capitalism has boosted humanity with free markets. 2. Paywall is not an incentive, more like a whip. Necessity brings about production. Capitalism just stands in the way of natural order like a parasite feeding of the producers. 3. You need to work on spelling, as well as punctuation. The all caps thing is cute if you are texting with your high school friends about a party this weekend.

 BlueDuckBTC
BlueDuckBTC 21d

Oh, it’s quite simple. I will lay it out for you and also no run from a discussion. Productivity per worker goes up. Profits go up. Number of dollars go up. Revenue goes up. Assets go up. Wages are stagnant. It’s not JUST a fiat problem. If it was, wages would be going up proportionately to the productivity, revenue, and dollar increases. This is not me asking…it’s more like a math problem unless you can explain wages not going up for me. So even if you have a scarce asset/commodity that does not automatically increase wages. Again, this is not left field idea…it’s basic math. But good question and thank you for asking, conversations work better that way.

 BlueDuckBTC
BlueDuckBTC 3d

Capitalism cannot survive in a “free market”, therefore it will corrupt it. Correct capitalism is a paywall for humans basic necessities. Not scared of AI…you continue to make my point because you can only read…not think.

 BlueDuckBTC
BlueDuckBTC 52m

I appreciate the opportunity to respond to a very good question. I must clarify, I am more of a reluctant anarchist, not socialist, however reading about such things is my passion. You deserve recognition for what you have accomplished. I too, started construction at the age of 14 and learned from those around me. Sounds like we both owe our trajectories, at least a little bit to those who took the time to show us. Most training in construction comes from the workers because the “boss” is seldom on site…which I vowed to never do. Ive started several companies in construction at different trades. Some worked out great, some did not, and it was just like college in the fact that I paid for my education in losses. However, in every endeavor, I always worked beside those who worked with me and never allowed anyone to call me “boss”. Being that I’m very aware of the risks in starting a business, you absolutely need to pay yourself back for that risk. Your compensation needs to be calculated in your labor costs, as well as any loans you may have. Profit is not necessary for a company to function properly. Profit is what’s left after all bills are paid and labor which YOUR compensation or loans is included. Now, if you just so happen to have some left over after all costs are paid, you should share that with every one involved in producing the bonus money. Nobody, even you, has ever built a business all by themselves, much less scaled a business. Please do not do the disservice to your own intelligence by claiming you alone built it all. Again, I know the anxiety, sacrificing it takes, especially at the beginning but that still does not warrant “boss” mentality that you are describing. To recap, you took risk and maybe loaned money to the company, pay yourself back and pay yourself fairly for the work involved BUT no one is entitled to compensation if they do not work, even if you started the business. Profit is a novel concept and not necessary for a business to function. If you do have excess left at the end of the year, invest it in the workers. If you received a loan from the bank to start your business OR use a loan to acquire equipment; is that bank entitled to compensation from that loan in perpetuity from the business, even after the loans are repaid in full? Is the bank entitled to charge rent for a home it loaned money for in perpetuity even after the home loan is paid in full? To state that the workers have no risk and go home care free is a misrepresentation of the equation. For one, the more one is invested or reliant upon the work by, say, compensation, the more for them to lose. Therefore, a worker compensated by revenue or product produced is just as invested in the company as a “owner” would be. THE ONLY difference is, the owner in most cases these days controls the means of production, the money, and by default makes all decisions. So, one could argue the worker has actually MORE risk than an owner AND is under compensated for that risk. A owner could make one or many wrong decisions that lead to bankruptcy or jobs loss…to which the workers suffer for something they had no control over. Not only did they lose their job but the owner made the lions share and has enough assets to start again while the worker was paid far less than what they produced barely making it by. Who suffers the most will always tell you where the most risk is…remember the bank bailouts of 2008? On top of what was just said, the workers, depending on your industry typically sacrifice their bodies and health far more than the owners. We don’t need to look to hard to find examples where the life expectancy of a coal miner vs the owners of the company differed greatly. So while the owners take from what the workers produce, it’s at the cost of the workers health and body. To recap, there are some owners who produce alongside the workers, but to what degree and at what compensation level? It is clear that if the owner properly paid themselves back any loans they gave and they pay themselves a fair salary BUT maintain ownership of the means and control capital…the workers clearly have more risk. There are non profit organizations with compensation models for work performed. Profit sharing is also a model some use. Co-Op is another business model tested and proven. Supporters of #capitalism do a great job at controlling the narrative by making others believe there is no other way but capitalism. But, this is simply not true at all. Now, I do not have all the answers and speak only for myself, but we would in your own words “learn as we go”. However, “for profit” is mathematically unsustainable and exploitive at best. To start, just a humble start, take profits out of food, shelter, healthcare, education, and any other life essential. Everybody who provides these things will still get compensated fairly…just like Co-Op workers, profit sharing workers, non profit workers. By eliminating profit, you cut out those who take without producing…point blank. If you want to profit off watches, luxury cars, luxury boats, recreational items…whatever is not essential, please do. We cannot claim to be a sophisticated species that is far superior to all others when we still use paywalls to profit off of our own people when it comes to necessities. When we still have “owners” of the means to things we all need. When we defend those who have more than a million lifetimes of production and others have nothing. It’s time to take the next step, to evolve into the times of abundance and global unity. I don’t know what it looks like exactly but I’m sure it’s a mix of capitalism, socialism, communism…and whatever else we can think of. We may come up with the perfect solution only to have something new come along that we could never have predicted and shake it all up again…#bitcoin Quit defending capitalism like it’s the best, like it’s the end all be all, like it’s settled science. It’s not…we have centuries of data that says otherwise. Let’s move on and find a solution for everyone and set your egos aside. The only way forward is #proofofwork , this was not accident by Satoshi. #nostr #capitalismsucks

#capitalism #proofofwork #nostr #capitalismsucks
 BlueDuckBTC
BlueDuckBTC 21d

Educated guess to what? Did I ask you question other than clarification on your “huh” remark?

 BlueDuckBTC
BlueDuckBTC 3d

I love debating AI because it’s void of critical thinking. There has never been a time where you have had trade without enforcing rules to trade and property, that we agree on. Now, if capitalism is voluntary exchange, is it voluntary that I drink water, eat food, and need shelter? Now, if capitalism is “for profit” or better way of saying it, end goal of centralizing capital; what is the most efficient way to eliminate competition when you also need law enforcement to protect your own means and property? While AI is searching to respond to those questions, please find me an era of time where capitalism existed without corruption or without using the State to further profit.

 BlueDuckBTC
BlueDuckBTC 21d

Oh. So why did you mention capitalism?

 BlueDuckBTC
BlueDuckBTC 53m

I appreciate the opportunity to respond to a very good question. I must clarify, I am more of a reluctant anarchist, not socialist, however reading about such things is my passion. You deserve recognition for what you have accomplished. I too, started construction at the age of 14 and learned from those around me. Sounds like we both owe our trajectories, at least a little bit to those who took the time to show us. Most training in construction comes from the workers because the “boss” is seldom on site…which I vowed to never do. Ive started several companies in construction at different trades. Some worked out great, some did not, and it was just like college in the fact that I paid for my education in losses. However, in every endeavor, I always worked beside those who worked with me and never allowed anyone to call me “boss”. Being that I’m very aware of the risks in starting a business, you absolutely need to pay yourself back for that risk. Your compensation needs to be calculated in your labor costs, as well as any loans you may have. Profit is not necessary for a company to function properly. Profit is what’s left after all bills are paid and labor which YOUR compensation or loans is included. Now, if you just so happen to have some left over after all costs are paid, you should share that with every one involved in producing the bonus money. Nobody, even you, has ever built a business all by themselves, much less scaled a business. Please do not do the disservice to your own intelligence by claiming you alone built it all. Again, I know the anxiety, sacrificing it takes, especially at the beginning but that still does not warrant “boss” mentality that you are describing. To recap, you took risk and maybe loaned money to the company, pay yourself back and pay yourself fairly for the work involved BUT no one is entitled to compensation if they do not work, even if you started the business. Profit is a novel concept and not necessary for a business to function. If you do have excess left at the end of the year, invest it in the workers. If you received a loan from the bank to start your business OR use a loan to acquire equipment; is that bank entitled to compensation from that loan in perpetuity from the business, even after the loans are repaid in full? Is the bank entitled to charge rent for a home it loaned money for in perpetuity even after the home loan is paid in full? To state that the workers have no risk and go home care free is a misrepresentation of the equation. For one, the more one is invested or reliant upon the work by, say, compensation, the more for them to lose. Therefore, a worker compensated by revenue or product produced is just as invested in the company as a “owner” would be. THE ONLY difference is, the owner in most cases these days controls the means of production, the money, and by default makes all decisions. So, one could argue the worker has actually MORE risk than an owner AND is under compensated for that risk. A owner could make one or many wrong decisions that lead to bankruptcy or jobs loss…to which the workers suffer for something they had no control over. Not only did they lose their job but the owner made the lions share and has enough assets to start again while the worker was paid far less than what they produced barely making it by. Who suffers the most will always tell you where the most risk is…remember the bank bailouts of 2008? On top of what was just said, the workers, depending on your industry typically sacrifice their bodies and health far more than the owners. We don’t need to look to hard to find examples where the life expectancy of a coal miner vs the owners of the company differed greatly. So while the owners take from what the workers produce, it’s at the cost of the workers health and body. To recap, there are some owners who produce alongside the workers, but to what degree and at what compensation level? It is clear that if the owner properly paid themselves back any loans they gave and they pay themselves a fair salary BUT maintain ownership of the means and control capital…the workers clearly have more risk. There are non profit organizations with compensation models for work performed. Profit sharing is also a model some use. Co-Op is another business model tested and proven. Supporters of #capitalism do a great job at controlling the narrative by making others believe there is no other way but capitalism. But, this is simply not true at all. Now, I do not have all the answers and speak only for myself, but we would in your own words “learn as we go”. However, “for profit” is mathematically unsustainable and exploitive at best. To start, just a humble start, take profits out of food, shelter, healthcare, education, and any other life essential. Everybody who provides these things will still get compensated fairly…just like Co-Op workers, profit sharing workers, non profit workers. By eliminating profit, you cut out those who take without producing…point blank. If you want to profit off watches, luxury cars, luxury boats, recreational items…whatever is not essential, please do. We cannot claim to be a sophisticated species that is far superior to all others when we still use paywalls to profit off of our own people when it comes to necessities. When we still have “owners” of the means to things we all need. When we defend those who have more than a million lifetimes of production and others have nothing. It’s time to take the next step, to evolve into the times of abundance and global unity. I don’t know what it looks like exactly but I’m sure it’s a mix of capitalism, socialism, communism…and whatever else we can think of. We may come up with the perfect solution only to have something new come along that we could never have predicted and shake it all up again…#bitcoin Quit defending capitalism like it’s the best, like it’s the end all be all, like it’s settled science. It’s not…we have centuries of data that says otherwise. Let’s move on and find a solution for everyone and set your egos aside. The only way forward is #proofofwork , this was not accident by Satoshi. #nostr

#capitalism #proofofwork #nostr
 BlueDuckBTC
BlueDuckBTC 21d

Nobody mentioned capitalism. Why do you blame capitalism?

 BlueDuckBTC
BlueDuckBTC 3d

Without governments, capitalism would not survive. Without a governing body, who enforces property rights?

 BlueDuckBTC
BlueDuckBTC 21d

Fiat definitely is a huge problem. But fiat does not make executive board decisions on employee benefits and wages…unless the CEO name is Fiat.

 BlueDuckBTC
BlueDuckBTC 3d

No no, it is just how it works. When you take profits out of necessities, it automatically gets cheaper because you cut out the middle man in healthcare. Not only that but when you have 340 million people paying for a service together, you can cut the cost down greatly. It’s math.

 BlueDuckBTC
BlueDuckBTC 21d

Which part confused you?

 BlueDuckBTC
BlueDuckBTC 3d

In addition to supporting #nostr and decentralization, let’s quit defending #capitalism which seeks to centralize all capital and power…like media, which helps them expand profits. #bitcoin

#nostr #capitalism #bitcoin
 BlueDuckBTC
BlueDuckBTC 21d

#bitcoin does not fix this but it definitely helps. When production and profits go up, while wages stay fairly stagnant…you can’t blame just #fiat. Well, logically you can’t blame just fiat.

#bitcoin #fiat
 BlueDuckBTC
BlueDuckBTC 2d

This is #capitalism. Why do you defend the plantation owners? #bitcoin #nostr #capitalismsucks

#capitalism #bitcoin #nostr #capitalismsucks
 BlueDuckBTC
BlueDuckBTC 25d

I remember all the reading and studying after 2008 and following everything Ron Paul said. Now, Paul was not necessarily wrong about anything but this fiat experiment/era has proven WAY more resilient than us nay sayers thought. If you look at it objectively, Powell and the other Chairs have actually done a great job with the fiscal shit sandwich they were dealt. That being said, math is math and increasing debt seems to be unsustainable. The question is, can they pull off inflating of debt, removing themselves slowly from USD dominance, and re shore manufacturing to balance out import/exports? The answer is, yes and we are seeing that shift live. However, it is a patient in ICU that is one false move or slip up in dosage away from calamity. I could be wrong again like I was from 2008 to 2025 and it does collapse but at this point, I’m not betting against “them” anymore.

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