Colonisation and oppression does exist.
However, it’s not an excuse for a poorly run economy. Every country has been colonised and oppressed at some point in history. It’s all about how free people are to participate in the economy.
xellox
xellox@iris.to
npub1nt2x...lhax
Building next-generation solutions for cold storage and self-custody.
Economic freedom is at the core of any thriving nation in the long run.
Centralised, authoritarian systems can achieve fast growth and good results in the short term, but will always loose to free market economies in the long run.
The blockchain wallet enables an extremely interoperable digital world.
It’s a united base for our infrastructure that enables us to have a universal, decentralised and pseudonymous profile everywhere.
The CCP running the global economy is a very dystopian future.
Luckily we won’t have to be a part of it!
A new economic block is forming and challenging the hegemony of the dollar.
It’s clear that the west can’t be trusted with the control of fiat currencies. We have 3 options; keep our fiat until it's worthless, jump to the authoritarian fiat, or opt out by adopting bitcoin.
The custody of our digital assets and identity is the most important problem.
We need to create systems where people don’t have to rely on third parties but are still able to keep their assets safe!
Centralised players offer easier and cheaper ways to own and buy digital assets.
The problem is that easy and cheap often comes with hidden costs, sooner or later they mess up.
Bitcoin was created as a solution to centralised monetary control, not to become a part of it.
It so sad that people don’t want to take the time to understand new technologies.
On one hand, it’s understandable. Most people don’t have time to spend on something speculative.
On the other hand, something that’s been around for over a decade should peak peoples interest!
Transparency in the form of open source development is crucial for applications that require trust.
We should strive for a world where true innovators can reap the benefits of their creations while being able to keep them open source.
Big Chinese banks are building bridges to crypto companies is Hong Kong while the US and EU are taking stricter measures to shut out crypto players…
Really hoping these news are false, would be catastrophic for the west.
What makes blockchain-based assets so extraordinary, is that they should also tied to something physical, but don’t have to rely on one or even ten physical locations.
One of the problems with gold is that it’s tied to a single physical location, which means it can be take by force, which incentivises conflict.
A democratic monetary system means that everyone can participate equally in the decision making.
It also requires the “constitution” to be ethical. No one should have the ability to create more money out if thin air.
Most people have no idea how the monetary system works, it’s by design. The more complicated it can be made, the fewer people will care and the longer the fraud can go on.
The best thing one can do to improve humanity is to make the allocation of resources more effective and equal.
The hard part with Bitcoin adoption is how to convince the regular working people that they’re getting scammed by the banks.
The banks surely help by fumbling the bag but the mainstream narrative is still way too pro-banks.
The financial elite keeps the people distracted with ups and downs, problems and solutions, while robbing them with their own currency.
There’s a growing number of counterculture movements, some more sane than others.
What unites these movements is the distrust in the establishment.
Instead of protesting in the street, we should take away the establishments real power, its monopoly over money.
US regulators launched an investigation into FTX after it collapsed, scaring away any parties that could have bailed it out.
When banks gamble and loose, the government actively helps with raising money and even provides it.
COIN, BNB & FTX = BANK/CASINO THAT OPERATES WITH CRYPTO
People will eventually understand the scam behind fractional reserve banking and escape the banking system!