Insanity
Your insane
Like I'm begging you to take econ 101 so you can realize the benefits of speculation
this like 'global speculation' creates more demand around the market but is it really that good. Quality performant companies end up undervalued for shit like Gamestop
Like do you think the world should just not have money? Do you think it's good that a select few people have complete control over money?
Liquidity is the key word
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i also am not a big fan of this argument as crypto is or will end up in a position where the more fortunate have more crypto and ultimately the rich get richer. and i dunno if tax evasion is really that great, atleast when it comes to other nations if not ours (isn't the dollar losing leverage problematic?)
Gamut has no substantive arguments nor underlying knowledge and its fuxking annoying that he takes some a patriotically ■■■■■■■■ viewpoint
I don't think bitcoin is the currency of the future and ultimately I don't think crypto becomes the currency until ultimately utilizing crypto is the path of least resistance, that is, when the government (inevitably) makes bombastically stupid decisions that end in strife
I guess one benefit with a digital/global currency is that if businesses used it as a standard the US could monitor their transactions and collect taxes from companies that would otherwise keep their money in foreign reserves. but the US would prefer to pass that on to the people
that doesn't make me feel good about "our" collective future
Everyone thinks the world will continue as is, but historically the lifespan of a central bank is hilariously short
Any system run by humans will be corrupted
is and are corrupted yeah, but in many forms systems that are faulty still operate and usually provide some function of QoL to the end user. Is the US just gonna declare bankruptcy? Isn't your average bank using citizen gonna get fucked?
like have you read the subway cop copypasta it really feels like what we're headed towards
I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.
“Bad news, detective. We got a situation.”
“What? Is the mayor trying to ban trans fats again?”
“Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”
The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”
“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.”
“Easy, chief,” I said. “Any rate the market offers is, by definition, fair.”
He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.”
“Don’t worry,” I said. “I’m on it.”
I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside.
“Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.
“Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up.
“Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?”
It didn’t seem like they did.
“Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”
Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing.
I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it.
“Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled.
Too late. He was already out the front door. I went after him.
“Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen.
I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!”
He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose.
“All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.”
“Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy.
“Because I was afraid.”
“Afraid?”
“Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.”
I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head.
“Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.”
He nodded, because he knew I was right. Then he swiped his credit card to pay me for arresting him.
Spam
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i mean it's either that or our government spending downsizes or society kinda collapses idk
Democracy is historically short lived
Don't be mad at me be mad at the data