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Dark⚡J
jimmygt@nostrplebs.com
npub1nlxt...523q
Founder @ https://satpicks.com Stack sats. Build community.
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Dark⚡J 2 years ago
You think Bitcoin is too risky, but the real risk is your currency going to zero against Bitcoin. image
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Dark⚡J 2 years ago
I'm already used to people doing this to me when I start talking about Bitcoin. image
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Dark⚡J 2 years ago
“Bitcoin has no use case” is a narrative I’ve been hearing a lot lately in the legacy media, from talking heads who are most likely controlled by the banks. This position could only come from a place of extreme financial privilege. There are billions of unbanked people around the world with no access to the global financial markets, and thus no way to efficiently store the fruits of their labor. They cannot access the stock markets or real estate markets. Billions more may have some access, but are forced to use their own national fiat currencies, which may be inflating or hyperinflating in which case their savings are being devalued at an ever-increasing rate. This is caused by their governments, which are incessantly forced to increase the money supply in order to prop up their fiat currency Ponzi schemes that steal the wealth from their populations. Bitcoin is a liferaft to these people. It is available to everyone, and provides property rights to an unconfiscatable and ever-appreciating monetary asset. It allows them to store their and their family’s life energy in something that cannot be debased or stolen by their governments. This is the true use case for Bitcoin: to bring freedom and hope back to the hopeless and repressed. The wheels are quickly coming off the fiat Ponzi schemes around the world, and hyperinflation is the fate of all of them, including the US dollar. Even the people who currently enjoy the most financial privilege will need to get on the liferaft eventually, or go down with the ship. Wall Street is already getting on board. The Bitcoin use-case is inevitably going to extend to everyone, eventually. image
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Dark⚡J 2 years ago
You don't like Creed? Have fun staying lower.
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Dark⚡J 2 years ago
You don't like Creed? Have fun staying lower.
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Dark⚡J 2 years ago
Your government is not using your tax money to launder through foreign aid and war packages to enrich themselves and their owners. Your tax money doesn't cover it. Instead, they are printing new money for this, which you will pay for later through inflation, on top of the tax money that you already paid. In the future, if we're still around, people will look back and find it unbelievable that the world governments ever controlled the issuance and printing of money, which inevitably leads to societal corruption, never ending wars, death, destruction, and poverty.
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Dark⚡J 2 years ago
Now it's time to see if Samson Mow was right.
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Dark⚡J 2 years ago
Bitcoin is the liferaft to the crumbling legacy financial system Titanic. It's bumpy right now (volatile) because it's still a small raft, and the waters are choppy, but it's trajectory has always been to the upside. It's growing at an exponential rate. The larger it gets, the more stable it will become. You can compare Bitcoin's adoption rate right now to the internet in the mid 90s. It works on 4 year cycles, and every 4 years it gets an order of magnitude larger. This trend shows no signs of stopping. This is why it must be used as a savings vehicle with a minimum 4 year time horizon, but preferably longer, because it will continue to appreciate, forever. This means you should only buy it with the intent of not touching it for 4 years. Once you understand Bitcoin, though, you will be hard pressed to sell it for anything less valuable. This is the same reason why you wouldn't sell dollars today to purchase the hyperinflating Argentinian pesos. image
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Dark⚡J 2 years ago
A simplified way to look at the complex concept of stores of value (i.e. money): Gold - every star in the universe can print units. Real estate - every active volcano can print units. Bonds - every government treasury can print units. Stocks - every company can print units. Fiat currencies - every central bank and regulated banks can print units. Cryptocurrencies - every person on earth can print units. Bitcoin - nobody and nothing can print units The key takeaways: - Bitcoin is unlike anything that has ever existed in recorded history. It is a discovery, not an invention. - Assets that are not Bitcoin will always continue to print new units, and even moreso if it becomes valuable to those in control to do so, which devalues all existing units. This means that everything else will trend to zero when valued against Bitcoin, forever. It is a black hole. - "Crypto" is not Bitcoin, and is potentially something even more insidious than fiat currencies. Beware.
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Dark⚡J 2 years ago
We've been psyop'ed into believing that capitalism is some sort of ideology or "economic system". It is, in fact, just what happens naturally when individual actors interact voluntarily for their own self interests in the absence of a centralized authority. Anything that deviates from this natural state is, in fact, an ideology or an economic system. We currently live in a highly controlled, regulated, and planned economy. The most fundamental property, which exists at the the very base layer of the economy, the cost of money, is centrally planned. This is known as the interest rate, and it's currently being determined by just a few people for the entire world. The money supply itself is also constantly being manipulated by the world's central banks. These manipulations are the reasons for the increasingly severe boom and bust cycles that we experience, and continuing global monetary crises. The primary function of these manipulations is to funnel wealth and enrich a select few, which is exactly how socialist economies end up. The difference is, they've managed to control us while we've thought we've been free. And all the while, the central planners would have us believe that it is capitalism that has failed, whatever that even means.
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Dark⚡J 2 years ago
Don't count on Social Security when you retire. And even if you do get it by some miracle, don't count on it being worth anything. image
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Dark⚡J 2 years ago
They lie right to your face about how much more expensive everything is getting, and why it's happening. They lied about Covid being a dangerous enough disease that we needed to shut down the entire world, in some cases for years. They lied about the jabs being the only way we were able to "get back to normal", and forced them on us based on this lie. Why would you continue to believe a single thing that comes from this crumbling, corrupt system?
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Dark⚡J 2 years ago
As a decentralized network, Bitcoin has no CEO or marketing department. All it has is a robust incentive system built into its protocol for its users to keep it alive and evangelize it, by paying them to do so with a fixed-supply appreciating bearer asset. What it's never had in its history is financial institutional interest, and this is where a large portion of humanity's wealth is currently parked. This is all about to change now with dozens of institutions filing for Bitcoin spot ETFs at the same time. This is game theory in action. Once these start getting approved, the floodgates of institutional money are going to open. This will allow people and organizations to transfer their wealth from other asset classes into Bitcoin with the push of a button. This is also happening at the same time that stocks and bonds are all tanking. While I personally do not believe that spot ETFs are a good way for individuals to get exposure to Bitcoin (because you will not personally hold your own Bitcoin and keys, which introduces counter-party risk), it's undeniable that this means that these institutions will now have a vested financial interest in making sure that their Bitcoin products are successful. These institutions have massive marketing departments, whose directions are all about to be pointed towards marketing Bitcoin to the masses.
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Dark⚡J 2 years ago
All major conflicts, or at least their escalations, are the result of monetary incentives. Another way to say this is "all wars are banker wars". They serve as distractions so that you don't see what they're doing with the money. This slight of hand and redirection of attention is exactly how magic works. The only way to permanently remove ourselves from this doom loop of death and destruction is to separate money from state.
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Dark⚡J 2 years ago
The same system that released covid is in charge of many of the centralized power centers in the world, including the underlying technological infrastructure (excluding Bitcoin). A massive global cyber attack would be super easy for them to deploy. They are probably holding this card now, and waiting for the perfect moment to unleash the "black swan".
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Dark⚡J 2 years ago
One of the main questions people have about Bitcoin is how its fixed 21 million unit supply is enforced. The answer is simple and elegant. It's enforced by the consensus of those in the network running the software. In order to participate, you must play by the rules, much like in chess. You can change the rules of chess easily any time you want, but you will have trouble finding people to play with you. When you change the agreed upon rules, you are creating a fork of the game that may be similar, but that most people will not want to play. The network effect created by all the people playing by a single set of rules is extremely powerful. What makes this even more powerful in the case of Bitcoin is that anyone wanting to increase the supply would dilute the value of everyone else's existing holdings. There is no way that most current holders would want that to happen, so they would never agree to it. Even if a majority did by some miracle or through coercion, it would create a forked version of Bitcoin that would be less valuable than the existing one. Everyone would be incentivized to switch back to the more valuable version. This, in fact, has already happened in Bitcoin's history. The combination of the already existing network effect, plus the incentives built into the protocol itself from the very beginning, effectively make it impossible to increase the supply. This is the first time in human history that absolute scarcity has ever been achieved. This is why Bitcoin is a once-in- a-species revolutionary technology.
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Dark⚡J 2 years ago
You are being forced to use a political currency that steals from you and the future of your family at an ever increasing rate. If you care about this, ask why this is being forced upon you. Then ask yourself what you can do about it.