Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
The world needs good money. It NEEDS it. Fiat is not it. Fiat is awful in every way. Gold and silver are pretty good in some situations but just plain worthless when it comes to digital commerce...
..So what if we could solve that problem with a collective delusion. A collective delusion not dissimilar to what gives fiat money value. What if we could all just agree that bitcoin is special because we need it to be special.
..So what if we could solve that problem with a collective delusion. A collective delusion not dissimilar to what gives fiat money value. What if we could all just agree that bitcoin is special because we need it to be special.
It's not a negative that physical metals as money are NOT CONDUCIVE to globalization, it's A FEATURE - a positive one. Globalization creates overspecialization and lack of local redundancy, which then results in complete system collapse with the side effect of 90% of civilization having no reason to exist. See Joseph Tantor et al. Oh, you want to be able to buy everything on the planet from Amazon while every other store on earth goes out of business? Too bad. Local economies have to exist with redundant systems to the next state or country over. If you're not doing things redundantly to the country next to you, you're not a country in the first place and are just a defacto, global, feudalist govt cog.
No, we do not need a "collective delusion". Delusion is just a synonym for scam. The further you abstract from barter, the bigger a scam you have. The closest thing to barter without actually using barter is trading non-perishable physical commodities or resources. Anything that's not a resource or commodity is just an artificial scarcity Keynesian scam. Yes, digital shitcoin scammers are Keynesians while pretending not to be. Whether you believe the universe was created by some sort of God or it created itself, the only way you're getting out of Keynesian scams is by using the tools the universe gave you for economics instead of pretending to play God yourself. I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.
How would you deal with the fact that it's only a matter of time we are able to mine gold in aesteroids/other planets and the supply will end up becoming huge with so much gold that it will become worthless? God could have placed massive amounts of gold somewhere and we'll end up finding it. With Bitcoin you don't have to worry about such things.
Sorry but you cannot go back in time. Global value settlement is where it's at and Bitcoin defeats gold in every department. If you want to keep things within your local Amish community then good luck with your financial goals in 2020.
I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.
Which one are you going to prefer for traveling?
1. Donkey ride (so natural and a ride created by the universe itself)
2. Lamborghini ride (which is some moron's attempt)
1) Metals are superior to imaginary, valueless, digital shitcoins as a settlement system.
2) A donkey is not a superior form of transportation.
3) A Lamborghini is not an artificial, Keynesian construct; it's made of metal, so part of the natural world and not even a valid comparison. Keynesian systems are entirely arbitrary and based on magic numbers. A shitcoin can be made of 21 or 21 million units. A lambo cannot have 21 million wheels or be made out of bread.
Bitcoin is not some sort of voodoo magic, it's still physical, atoms are there moving. Proof of Work needed to generate certain combinations of atoms, which cannot be generated out of thin air as you need said PoW. Metalheads have a hard time grasping this.