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Don't like Bitcoin's proof of work? Think it's too expensive?
See the responses to this Tweet for the real cost of the backward and barbaric technology backing up your US Dollar.
See the responses to this Tweet for the real cost of the backward and barbaric technology backing up your US Dollar.
Bitcoin isn't burning electricity to process your transactions, but to ensure the safe operation of the system without political control.
The opportunity cost of bitcoin mining is a political system of control over money, which forever means:
The opportunity cost of bitcoin mining is a political system of control over money, which forever means:
The chickenhawk Keynesians who are always cheerleading for war because it's good for GDP & for dollar hegemony will never experience any of the costs, which helps the rotten trash between their ears believe that cheap money is free:
independent.org/news/article.a…
independent.org/news/article.a…
Keynesian economists can never address this point in my book.
Why did all the greatest mass murderers in modern history come from societies with easy money? Why does hard money never produce these maniacs? Why is there no Swiss Stalin?
Why did all the greatest mass murderers in modern history come from societies with easy money? Why does hard money never produce these maniacs? Why is there no Swiss Stalin?
Bitcoin's real cost is in hardware & electricity needed to run the network. Fiat's real cost is the hundreds of millions of deaths financed by government made omnipotent by inflation.
Which do you find more expensive? Which would you rather pay in the twenty-first century?
Which do you find more expensive? Which would you rather pay in the twenty-first century?
The US military wouldn't be such a horrific ordeal if it weren't trying to govern, centrally plan & invade the world. A defensive military would be a very different experience & would make America safer.
Wouldn't it be better to make robots die for a global monetary system?
Wouldn't it be better to make robots die for a global monetary system?
The next time Krugman brings up bitcoin, remember he's not one of the men who has to carry the guns for his shitcoin to work. He's macroecon-ing from the safety of Carlos Slim's blog's air-conditioned NYC offices.
