Toxic Bitcoiner's avatar
Toxic Bitcoiner
toxicbitcoiner@Nostrplebs.com
npub1u87g...93f7
Bitcoin zealot 🐝 Who’s going to buy the bonds? #GIABO
Hey anon I know things look bad right with rioting by migrants and lower classes, but we haven’t even reached the stage where the middle class revolts as a result of the overproduction of elite. Once the highly educated and capable get involved as the system spurns even them, mass death is on the horizon. Have a great day 😊
So thankful I never got dragged into the effective altruism community. image
The only people left who think “the economy” and wages are doing great are people over 80 watching Fox News and Bitcoiner podcast guests with a Bloomberg terminal. Sorry, but people like Dr Jeff are borderline unlistenable now because they’re in their own, tone-deaf bubble. Totally disconnected from the reality on the street, in favor of the Soviet-style financial metrics on the screen. Log off the Terminal an extra hour per week and start talking to anyone under 30 to see how great “the economy” is doing. image
Alright, this is even doubly retarded. Assume it’s just SoV: gold, collateral, Manhattan granite, etc. It’s still a better SoV or collateral than all of those things. Better than real estate, bonds/debt, equities, and even fiat/base money. All told that’s ~$1,000T combined. Bitcoin captures easily 100’s of trillions (or 10’s of percent of total wealth) just on being a better SoV/collateral, let alone the added MoE component. Is everyone just saying “diminishing returns” because of NPC group-think? A shibboleth mantra to display that you’re a reasonable person inside the Overton Window? A total inability to ask basic questions about your model? Can someone relay this to the retards on Twitter who repeat “diminishing returns” for clout? View quoted note →
Bitcoin price action has been too resilient. Release new quantum FUD. image
The Articles of Confederation were not a failure because it didn’t give the central government enough power (what is taught in grade schools). But rather, because it failed to *prevent* greater centralization of power in the central government, culminating in the counterrevolutionary defeat of the Revolution and the beginning of the end of the Republic: the ratification of the Constitution.
Imagine all the distortion in economic calculation as a result of the (retarded) conflation between CPI and inflation. Compounded. Monthly. For decades. image
Keynesian economists employed by the State: (It’s just human sacrifice, but with extra steps and math.) image
DIY labor is tax free. Imagine paying someone with your income that you pay tax on, to someone else who will then has to pay tax on that income. Ad infinitum. Depending upon your jurisdiction, I imagine that DIY could be a tremendous savings.
If you’re ever feeling down about your intelligence, remember there are people managing ungodly amounts of money who sincerely believe that they’re getting a positive real yield if their bond yield is greater than the CPI. (I just saw one of these tards on a Bitcoin podcast). Good morning.
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