Replies (74)

🐈's avatar
🐈 1 year ago
Skydive without a parachute 🪂… grim.
Another example where "Bitcoin fixes this" breaks down. Bitcoin doesn't fix anything. People do. People have to want a future, or at least hope and belief to change their lifestyle and plan for the future. It's sad seeing people with more then half their life behind them, in peak earning years, and have done nothing to prepare for the future. On the other hand, they've lived life to the fullest living in the moment all that time for whatever was most important to them.
They’re gonna do another pandemic and kill off a bunch of us. Let’s see where we’re at after that. In any case new social and economic structures are needed. Just modest, localized support as we get through the next few years.
uncleJim21's avatar
uncleJim21 1 year ago
And they’re not ashamed at all. Just post your latest vacation or five star meal to Instagram.
uncleJim21's avatar
uncleJim21 1 year ago
You don’t think bitcoin would: 1. Give the ability of people to save more if they want to 2. Remove the state’s ability to socialize losses to cover for her irresponsible behavior 3. Due to incentives like these make people like her a cautionary tale and encourage lower time preference.
Why save for retirement? The whole system is corrupted and people know it in their gut. Unless you understand Bitcoin, inflation will outpace most investments.
Jonathan's avatar
Jonathan 1 year ago
Before bitcoin saving didn't matter to me. If it's all going to burn then why save? You have to show people there is a future and an incentive/reward for saving.
Tell me you have never been to a poor country lol Latam and Asia do not have an Uncle Sam giving out welfare checks and food stamps. Many are just dirt poor and still choose to have kids. A hard money standard is not going to disincentivize these ppl from having kids. Maybe in America it will, but not in most of the planet
Dude I’ve lived in poor countries for over a decade. I was referring to poor people in America like this lady in the OP. I agree poor ppl in dirt poor countries just fuck and have kids but that’s not what I’m talking about. I’m referring to poor people in countries like the US.
f0xr's avatar
f0xr 1 year ago
It is basically everybody, and that's an amazing opportunity. If you're in the US, there's absolutely zero excuse for almost anyone to be in that situation. That's how easy it is to be ahead of the curve financially. In order to be that broke at 49, you have to make bad decisions over and over and over again throughout your entire life. Even with the inflation and problems with fiat money, there's literally no excuse. Even if you put a literal $20 bill in a box under your bed every week from 18 to 49, you'd have $32,000 in cash under your bed. That's without investing a penny in anything to counteract inflation. Twenty bucks a week is a bar so low you probably have to dig a hole to get any lower. Save $100 a week and collect 2% interest over that period and you'll have over $200,000. I'm as upset about the state of the financial system as anybody, but for anybody in this situation, this is a you problem 🤷🏼‍♂️
Maybe monetarily, but a bitcoin standard would indirectly increase many other forms of capital around her. She’d be a lot richer in more ways than she is now
PHILIP's avatar
PHILIP 1 year ago
I sometimes regret that I hopped on the bitcoin train just a few months back, but I‘m in my early thirties. I think I can change the situation dramatically over the next few years.
You're going to be years ahead of most people. Best advice I can give is to dollar cost average, buy it every week and just hold it. It's going to suck big time when the price drops but keep buying & keep holding, it will go up again 👍
Seen this too many times. But they sure love their morning coffee for 2.50, lunch out and an expensive drink on Friday night. It adds up but no one cares until decades later.
PHILIP's avatar
PHILIP 1 year ago
🫡 I‘m buying regularly while kind of trying to get smaller dips and when fees are low. Also running a miner ⛏️
Keeping a large portion of the population in poverty (or financially insecure) make them dependent on certain jobs, benefits, and systems that they might otherwise challenge or opt out of. This will ensure a steady supply of low-wage labor and prevent the empowerment that might lead to demands for higher wages or better working conditions. It is all part of a plan
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Nobody 1 year ago
In order for that to happen, people are going to have to wake up and realize that money ain't even real, mate! They choose to believe all the states lies and trick themselves into voluntary slavery.
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Nobody 1 year ago
Not just the US dollar. All fiat currencies! Governments pulled the greatest ruse in human history.
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CCC 1 year ago
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阿甘's avatar
阿甘 1 year ago
I wonder if she work as hard as Chinese? 996: 9am~9pm/6days
Chad Lupkes's avatar
Chad Lupkes 1 year ago
Just wait for the repeat of 1929, watch things go really crazy.
Chad Lupkes's avatar
Chad Lupkes 1 year ago
I expect Congress to kill Social Security. Completely.