Bitcoin is a global conspiracy to make the whole world rich and your only option is to join.
No matter how late you are to join bitcoin, you will still benefit enormously from living in a world where everyone can save their wealth in hard money. Like the wheel, electricity, or internet, everyone benefits from it.
Bitcoin is the best savings technology ever invented. For the past century we've had to make do with inferior alternatives:
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Whatever happens in the paper market doesn't matter because it's very easy to mine and recycle tons and tons of silver and bring it on the market, crashing the price.
In The Bitcoin Standard, I explain why silver has been in a bear market for 150 years. No matter how many internet vigilantes try to pump it, they are no match for silver miners.
Only bitcoin resists inflation. Only bitcoin has Number Go Up Technology
What's astonishing about coronahysteria is how nobody wants to fix their diet, build their immunity, or look into the cheap drugs that are repeatedly proving effective worldwide.
Only lockdowns, masks, and patented vaccines work because the TV said so.
Fascinating to see the BIS mention "sound money" in the context of digital currencies.🧐🤔
Still a completely nonsensical marketing buzzword coming from them. Sound money is chosen on the market freely, not mandated by bureaucrats through govt-enforced central banking monopolies
Carstens doesn't define sound money. He simply asserts it's something that central banks can produce better. But what if people choose something else? What if people prefer to have a money that appreciates as they hold it, rather than depreciate to finance the local kleptocracy?
It's clear central banks want to introduce digital currencies, but these are not competition for bitcoin. By having full surveillance & allowing inflation & central planning, these stupid shitcoins will be the best advertisement for bitcoin
A century of government control over money & education has popularized the Marxist idiocy that money is a faith-based hallucination, with no regard to economic properties. So many repeat this cliche as if it is profound, when it's just ignorance.
No matter how many people choose to share the belief that copper, sand, or plastic is money, they will all fail as money because they don't have the properties needed to be money. Just like it doesn't matter how many people choose to share the belief that shit is food.
People who eat shit will die and people who use copper, sand or plastic as money will witness their wealth disappear. No amount of shared believing in moron Marxist hallucinations can alter that reality.
#HaveFunStayingPoor is another great addition to the pantheon of bitcoin memes.
We're not here for interesting tech, faster payments, or better databases.
We're here to stop the century of systematic pillaging & impoverishment by central banks. Hating bitcoin is loving poverty
A lot of people like to virtue-signal that their interest in bitcoin is motivated by loftier goals than just price appreciation. These people are clueless.
There is nothing that will help more people in the world than having a money that's resistant to pillaging.
We need to keep reminding people that Bitcoin is built on #NumberGoUp technology while your stupid central bank is built on #NumberGoDown technology, optimized for your local kleptocracy to rob you.
Don't like bitcoin? #HaveFunStayingPoor indentured to your local kleptocrats!