Replies (76)
But your going to pay your property taxes and gas tax anyways while providing value you get taxed on every hour for...
You know who's stealing from you and others. And everyone still pays them anyways out of fear.
Pussies.
Dats right
What’s shocking to me is this isn’t that hard of a concept to grasp yet it goes right over most people’s heads.
The first time I heard Jeff Booth articulate this it instantly clicked.
This is what it all comes down to 🎯
Guy Swann
As society becomes more productive and technologically advanced, money is *supposed* to grow in value.
This is literally the mechanism by which the fruits of all our labor are shared. By all the things we need and want becoming more affordable.
If everything is getting more expensive while technology is advancing, someone is stealing from you.
View quoted note →
Shoot all the bankers.
Problem solved.
Unfortunately they wouldn’t solve it, but I also don’t hate the idea 🤣
There will be no fiat without these fuckers.
At a minimum it is a good start 😂
Despite all my rage I'm still just a rat in a cage.
It would help quite a bit. Especially if you knock off those “international bankers” that only interact with countries & multinationals. It would be an important message and might create the space to finally talk about what fractional reserve banking actually is and how it actually functions.
I think I know who that someone is…. Rhymes with pranksters.
Rhymes with Bankers.
The more you do something, the more efficient at it you become. Prices should fall to reflect that.
If our youth understood this they would not be clamoring for socialism and rather simply for honest money.
View quoted note →Prices used to reflect marginal cost of production indeed. The dollar is now the liability and the debt is the asset.
Unfortunately, we all are.
The current system must crumble and fall. This means lots of devastating things for many though.
But, trying to fight the system from within the system, isn't going to work and we'll just end up paying tax to spend bitcoin in 15yrs when they finally say it's money after capturing most of what's left of the available supply.
Tax will erode your stack.
We were promised hoverboards and flying taxis at this stage. Technology is still too expensive for everyone
And I never understood any of this until I got into Bitcoin and this space.
Really boils down to this. But not intuitively understood
Well said. Tech is meant to increase efficiency and lower costs—not make life harder. If prices keep rising despite progress, it’s a clear sign the system is broken or manipulated.
💯 my dude
This!
Guy Swann
As society becomes more productive and technologically advanced, money is *supposed* to grow in value.
This is literally the mechanism by which the fruits of all our labor are shared. By all the things we need and want becoming more affordable.
If everything is getting more expensive while technology is advancing, someone is stealing from you.
View quoted note →
Guy Swann
As society becomes more productive and technologically advanced, money is *supposed* to grow in value.
This is literally the mechanism by which the fruits of all our labor are shared. By all the things we need and want becoming more affordable.
If everything is getting more expensive while technology is advancing, someone is stealing from you.
View quoted note →
There is a reason why we aren't taught any of this in grade school.
There are two historical reasons for this in 1913
#WTFhappenedIn1913
Planned or coincidence, things would be much different if the Titanic didn’t sink in 1912
View quoted note →Truth bomb 🧡☝🏼
You are a great teacher 🫡
Yeah it always cracks me up when people postulate that the country adopting a hard money standard would reduce state theft. The state would just find new ways to retain the gains, just as they have with the deflationary effects of technological advancement. Citizens will never be the beneficiaries of hard money unless they self custody.
"If everything is getting more expensive while technology is advancing, someone is stealing from you."
View quoted note →Buy #Bitcoin
Only bitcoiners and ancaps pay tax out of fear. The public pays tax willingly.
For what?
NGU?
To hold it?
To spend it?
Money is money and you will pay the tax as you are told for w/e money they allow you to use.
What I lack in money I make up 10× in other areas.
🥂
You ,Edward and me need to meet in Trinidad
yeah, i think jeff booth wrote a whole book about this. check it out!
Dang, that last sentence hits hard
View quoted note →Definitely getting more expensive in the UK, as if they needed to make this announcement on the news again! Like us plebs never realised, absolute 🤡 World
yeah but then you have to lower prices and lower salaries? it's a hassle for companies
Willingly out of fear
That's what terrorism does to people, think about it
Si todo se vuelve más caro mientras la tecnología avanza, significa que alguien te está robando.
Guy Swann
As society becomes more productive and technologically advanced, money is *supposed* to grow in value.
This is literally the mechanism by which the fruits of all our labor are shared. By all the things we need and want becoming more affordable.
If everything is getting more expensive while technology is advancing, someone is stealing from you.
View quoted note →
Not if people are free to move.
"I know plowing the farm by hand is honest work, but hear me out. You could use this machine instead, to 1000x your speed and efficiency, and make 1/1000th of the money you made before! Pretty sick, uh?"
Baron von Fiat (1915)
You live in a democracy Guy right? And you're middle class I suspect. Hence why you're losing (we're it not for Bitcoin). Everyone else is doing better. Free or cheap at your expense.
Discussed this same thing just yesterday with someone and potentially orange pilled them. One the more salient points that makes you stir in frustration when you get the ‘everyone needs to tighten their belts’ type message.
New bankers would just replace them.
I can assure you Guy is *not* losing. I know you’re talking about the marginalized middle class, but that’s a large, ever changing group of people. Smart members like Guy were always going to get ahead regardless of Bitcoin. The poor definitely are not winning though, they’re just growing in number, and the government services they depend on are paid largely by taxes from the rich and inflation from everyone else. The wealthy and powerful are definitely doing better at our expense, but is it sustainable? As long as people keep coming to bitcoin, their house of cards will start to crumble.
From what I’ve been learning going down the Plan B passport rabbit hole, moving is an option but is certainly not affordable for most plebs.
Anymore than the higher prices and higher salaries? Technology (tool making) is natural process to get more for less. Money printing is the elite’s way to counteract the government’s attempt to redistribute the unequal gains from what technology produces. Government can’t let a few salaries rise “at the expense” of less efficient producers, so they tax and redistribute as much as possible, and inflate the rest, which protects the elites wealth.
It takes some serious brainwashing to make people believe that lower prices (even for labor) are a bad thing. There should be just as much of a desire to a have higher purchasing power as a higher salary.
Understanding the velocity of currency is key to understand how quickly inflation can hyper inflate overnight
@BitTasker is being built and will launch this year so that #Bitcoin can circulate while we hire each other in a #p2p environment from every day tasks to professional services #earnsats
The community also gets to review each other
We #mustdeploy
https://bittasker.com/Agreed. But subjective. Each is going through their layers of understanding. If. You sell everything and you are all in on bitcoin, then you are free to move more easily. Maybe you don't have a passport to move when your country becomes inhospitable, maybe that's the first thing you buy with BTC (citizenship like from Malta, St. Kitts, etc)... Freedom is NOT free, but focused energy I to what is most important to you, can be attained.
When we vote with our feet, it is a non-violent way of opting out, voting "No". Just like by using bitcoin.
so in a bitcoin standard prices would fall on average, but it wouldn't be linear, right?
like if some economy sector is experimenting productivity growth then prices would fall for those products, but they would stay the same on other sectors, all else equal
I'm not sure what relevant point you are trying to make with this comment, to be honest. I didn't really say anything about class or country or anything of the like.
I'm simply talking about the nature of money and its relationship to general prosperity.
Prices would fall in a competitive market. If there's some barrier to market entry, then the one with the productivity gain just retains more purchasing power relative to the rest of the economy.
If 3 wolves and a sheep are deciding what's for lunch, advances in BBQ technology developed by sheep are not going to accrue to sheep.
There's a productive group that's the cash cow of a democracy. If someone is a member of that group, BTC might allow them to get ahead while simultaneously being milked.
Modern democracy hasn't been around very long. Maybe what I'm observing is inevitable. Church possibly helped keep this all in check. But that influence has been undermined.
If you're jsut trying to say that democracy is a bad political system, I agree.
1. it’s not hard for them, it just means the corporation isn’t subsidized by the default cuts of their laborers. And if the burden should be on anyone is absolutely should be on the corporation. Workers shouldn’t get pay cuts by default.
2. Salaries don’t fall, they grow in *value* when they stay the same. And they only grow in proportion to productivity. Meaning they grow in value in direct proportion to the value they produce, and thus which is affordable.
example, if workers are paid X, and they can produce 10 TVs per week. Then they get new machines, better techniques, etc. now they can produce 20 TVs per week. TVs have now likely cut prices by 50%, but the salary of the workers is still the equilibrium rate, because costs have also gone down the same amount, and the amount the workers produce has doubled.
3. If this was truly a problem then the tech sector would be devastated and tech workers would get paid terribly. Seeing as the cost per unit of compute plummets every year and the output of software systems grows exponentially. Yet it doesn’t happen. Why? Because this notion is a fairy tale that misunderstands why prices fall in the first place.
This simply doesn’t happen and has nothing to do with why money grows in value when it has a scarce and incorruptible supply
It's not optimal for the minority, but arguably works well for the majority. Not convinced that any other system would work better though. And with the advent of AI, the chances of it changing are even more remote than they might have been otherwise. MMT here we come. But working with what we've got rather than what might be better, BTC is a lifeline.
I was typing a response but I realized your story makes sense, thanks
This obviously misses half of the ledger- what if your income is growing faster than costs are rising? Clearly this offsets the growth in nominal prices.
Sometimes I’m convinced Nostr is basically:
> say something that could pass as economic reality but is also bullish for bitcoin
> cash in on zaps from people that don’t know or want to know why the argument fails
> ignore any actual comments about logical flaws in the argument
> repeat
That's simply like saying if you fill up your car with gas faster than the hole is leaking that someone stabbed into your tank, then you'll still have more gas.
Well of course, but that changes nothing at all about the nature of what I said. It's not even related to the principle discussed. I'm not sure you even understood the point
Well you would have more gas
...and it has absolutely no effect on whether or not there's a hole in your tank. Which is the point of my post.
If i said there's a hole in your tank, and you said "well i can just fill it up faster and ill still have more gas" - you see how this doesn't fix the hole, nor does it contradict that I informed you that gas is leaking from your car?
Maybe you can see why I'm confused by your oddly belligerent response when it doesn't even relate.
Example is Moore's Law in electronics - chips become cheaper and cheaper with advancement of thechnology or for the same amount of money you get more powerful chips/devices.
Moore's Law is the observation that the number of transistors on a microchip doubles approximately every two years, leading to increased computing power and decreased costs. This trend has driven significant advancements in technology since it was first proposed by Gordon Moore in 1965.
Who cares if there’s a hole if you have more gas? You’re trying to say the hole makes you poor. I’m saying it doesn’t. Not sure what you can’t understand tbh
lol, because you’re gas tank is leaking you strange person. And worse is someone is actually siphoning your gas, it’s not even just being lost.
At this point since you are angry for some inexplicable reason, I’ll just say I’m glad we agree and you have no relevant points to add, I’m sorry it upsets you so much, and have a nice day. 😁👍🏻
Don’t run away, back up your argument. Do you want more gas or not?
😳🤯….most one sided debate ⭕️ day…so far😂🤌🏽⭕️🌅
….keep in mind the ⭕️ of retarded hasn’t gotten cranked up for the day yet🤦🏽♂️…so we may have to reassess at the end of the day😂😂🤷🏽♂️
How does your bizarre argument hold up once you consider the fact that the hole is constantly expanding?
Read a post from my nephew today, who is a financial advisor, explaining to his following how inflation works and that it is "a fundamental feature of capitalism." Moreover, he told them "Prices dropping is called deflation, and while that might sound good, it's actually really bad for the economy."
Trying to decide whether it is worth my time to educate him...
All of the responses he got were from folks thanking him for helping them understand inflation and why it is necessary that things get more expensive all the time...
You should set up your Lightning wallet 🫡
Where is the post? 😈
On Facebook. I just asked him a couple pointed questions about what causes inflation, and whether there is a distinction between deflation caused by debt-unwind vs deflation caused by improved productivity thanks to technological advancement. Then I suggested he reat The Price of Tomorrow by
@Jeff Booth.
🧡🧡
I committed myself to the cash economy over 30 yrs ago, becoming a War Tax Resistor as it's often called. Boycotting banks and the credit system, never filing 'income' tax statements over 37 years in the work force. I couldn't imagine even considering doing so now that Bitcoin has come into existence.
Slavery is binary, not a sliding scale. Those who work 3-4 months out of the year to pay others for the privilege of working are slaves. They live in overpriced overbuilt dog houses funded with their own promisery notes by those who didn't even have the 'money' that was 'loaned'. This my phrase for those living the American Nightmare is 'house slave's because they live in gilded cages falsely believing themselves free and successful.
Guy Swann
As society becomes more productive and technologically advanced, money is *supposed* to grow in value.
This is literally the mechanism by which the fruits of all our labor are shared. By all the things we need and want becoming more affordable.
If everything is getting more expensive while technology is advancing, someone is stealing from you.
View quoted note →
Unless you live in a property tax free area, you pay property tax. If you rent, you pay your landlord's property tax. That's just one tax. If you buy stuff, you pay sales tax. If you earn fiat, you pay income tax. The only thing you can do is be pissed off about it, and what I argue is that would be enough at sufficient scale. Currently everybody still *wants* to pay tax, and anybody who doesn't is a freeloader. Those sentiments among the NPC public need to die and be replaced with the kind of fear and anger that bitcoiners have. Theft by the power structure is not possible without the public's endorsement.
“if everything is getting more expensive while technology is advancing, someone is stealing from you”
View quoted note →
