spacestr

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freddms
Member since: 2023-05-13
freddms
freddms 4d

So you can have a digital wallet. You can have a bitcoin cold wallet. But if you wanna use the money, you have to go through their spyware software so they can track you. Good luck enforcing that but let’s see where this goes. If 10 million people transact without going through their system because we can are they gonna throw us all in jail?

freddms
freddms 7d

"The proliferation of fiat may very well have been the last nail in the coffin but at best capitalism exacerbated it but I suspect it is actually responsible for pushing us in the coffin in the first place." You are correct, fiat was/is the nail in the coffin of capitalism - it did NOT exacerbate it, but ruined it (history shows it always does) - we have been straying from capitalism for decades - over half a century. Some would say since the income tax over 100 years ago. World War solidified fiat. Capitalism is just the REAL exchange of human energy - something you have that I want and something I have that you want. A 'currency' is needed because what you want is not always what I have - so it allows our ENERGY to be translated to a medium of exchange. IF that medium of echange does NOT represent real human energy (which #Bitcoin does and Gold did it okay but was ALWAYS corrupted) than capitalism dies. Hate to see people get mislead on the Capitalism issue - remember the Communists (collectivist) have been hammering on real capitalism for centuries. Why? So a few can control the narrative/people/production/power.

#Bitcoin
freddms
freddms 7d

"The period between WW2 and the 70’s saw a shrinking wealth gap brought about by a hybrid economy of capitalism under a high amount of government regulation as well as strong labor unions. " That's what history tells us. But it's not exactly right. In the 1800's (still a real Gold standard) we invented trains, autos, electricity, communications - it was the last big 'bubble' of innovation (driven by hard money). As this efficiency worked it's way into the economies of the world the wealth gap decreased for nearly 100 years. BUT - politicians implemented this thing in the early 1900's called the 'income tax' (temporary I might add) that actually ROBBED the general population for the next 100+ years of that efficiency (which created poverty we know today - it's true - central government planning creates poverty, not solve it). In spite of the income tax, wealth gap closed and the the politicians did not steel ALL the deflationary progress. They did not have too, they got filthy rich - it was an epic run! We are at the end of that cycle - we have been for 50 years (the US dollar actually would have collapsed in the 70's if we did not cheat and go off the Gold standard - which had been decaying for decades). Follow and read his book "Price of Tomorrow" - great read. Deep dive it. Go beyond just the book - as Jeff says we have NEVER lived in a true free market until #Bitcoin. Conclusion. Capitalism created all you have today. Fiat has been stealing the benefits and funneling it to those closest to the money printer for decades. Deflation is the natural state of Capitalism and once the theft (taxers and printing) are GREATER than the deflationary pressures of real economic gains, the pyramid collapses (which it is doing right now). The natural state of human innovation is capitalism - the exchange of (base layer here) REAL energy for REAL energy (you catch a fish I trade for a fur to make a coat - exchange of ENERGY). Bitcoin will bring us back to that as it's real human energy maximizing time preference of money (which drives innovation). book "Principles of Economics" does a great job explaining this concept. Also deep dive history of civilization. It seems like this has nothing to do with money but capitalism with a currency (real money, not fake) was the ONLY combination that created civilization. Without it, we would still be in packs of 150 people or so living off the land.

#Bitcoin
freddms
freddms 8d

Who is they? 🤔

freddms
freddms 12d

That's not the capitalist, it's the money. Even if you make better stuff today, it won't sell - you are in a downward spiral created by fiat. Read all of books and it will make sense. It's a deep read by "Principles of Economics" does a medium dive into this - not deep - but also not the first book on history of money someone should read. Your perspective is a HUGE problem - because the solution is truly Capitalism with good/services - AND with money (private fixed real money, not fiat). Study #Bitcoin - study hard - it's a once in a 1000 year opportunity. In a decade Bitcoin will grow with the productivity of humanity. First it has to eat all the misdirected capital (which is what you are frustrated with). And the growth is a 100X in a decade or two (sorta depends on how bad we mismanage the world fiat system).

#Bitcoin
freddms
freddms 12d

Exactly the opposite on Jesus and Capitalism. You need to read a LOT of books and study a LOT of history. What we have now in the world, central Governments creating dependency world wide, stealing our energy/work with fiat, and feeding the world fake food (seed oils, wheat, sugar) is against capitalism - and ruining humanity. Read the book, "Bitcoin and the Bible" -

freddms
freddms 21d

Most people will eventually use #Bitcoin. And they will understand it as well as they do the US dollar (which has completely mislead human civilization). For those that get it (both USD and Bitcoin) it will be an epic run.

#Bitcoin

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Dad of 5. Retired EE Electric Utility Industry. TSLA. Solar. Covid 1984. Arial Speakers. Lake of the Ozarks. ⚡Bitcoin

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