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Joakim Book
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Author, editor, yogi | Meat, bitcoin, chess | calling BS on most things
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Joakim Book 2 years ago
Why fiaters don't understand bitcoin ownership: The fiat world's understanding of "property" is that of a **car**: mobile, tangible, and subject to society's approval. When the government rulers over your arbitrary plot of land no longer thinks the car is yours, they take it. You can complain, but their guns are bigger than yours; and you won't get to keep the car. The Bitcoiner understanding of "property" is that of a tattoo: immobile, value mostly intangible, and it couldn't give two shits about society's so-called approval. When the government rulers over your arbitrary plot of land no longer thinks the tattoo is yours, they... don't even know where it is, who holds it, what its meaning is. They can't remove it. If they used their oversized guns to forcibly do so, its value won't accrue to *them* or their cronies but disappear for everyone. Bitcoin is different.
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Joakim Book 2 years ago
It's a full-time job these days to just keep up with what thoughtful Bitcoiners are writing and publishing. CAN Y'ALLS BE LESS PRODUCTIVE, PLEASE?!
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Joakim Book 2 years ago
Great reminder in times of irrelevant information and noise avalanche: "If the underlying problem isn't addressed first, [other] issues are pointless to discuss. **The only real problem is dishonest money**" Fr @knutsvanholm
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Joakim Book 2 years ago
"Roughly speaking, then, my mother’s ability to generate economic value got reduced by about a third — yet she thinks she’s better off because the paycheck at the end of the month has larger numbers on it." This is what inflation does to people: causes us to misunderstand what's up, economically speaking, and to place the blame on entirely the wrong actors.