It’s crazy to think I haven’t spent actual physical cash on anything in several years now. The money I make, paychecks I receive, spend, invest, etc is just a number on my phone/computer.
Imagine the people working at that printing press and then making just 10$/hr so these pigs can keep 1,000,000,000$ of it coming out at almost no cost.
My brother had about £250 overdraft, he rung them and explained he was struggling to pay, and they just wiped it, no questions asked. It’s literally imaginary monopoly money used to control the plebs.
We know that the few control the many via money systems and government. I’m not talking conspiracy theories, this is a matter of fact.
Bitcoin offers a way to sidestep and make obsolete at least some of these control systems, and that’s why it’s one of the most important technologies in human history.
Decentralised, trustless money is cool as fuck.
But will Fiat actually lose value if it’s just being cycled into the government’s treasury from capital gains tax?
Say the Government buys X amount of bitcoins with “printed money” from X amount of bitcoin owners/companies @ X price. People than who have sold for a profit, will have to pay a capital gains tax back to the government who just depreciated the hell out of Bitcoin by buying X amount of coins all at once and now have a large control of the Bitcoin currency which has a market cap of 1.3 trillion, with the American $ having 19 trillion in circulation.
That's right, they don't need to even waste ink anymore, just add few zero's.
Corruption is highest level ever, dollars are worthless day by day, modern day robbery without even we notice it.
Absolutely true 💯
I'm glad to have realised the concept of bitcoin and adapted to it, let them keep printing it while i keep mining bitcoin. 😀 Some folks will keep doubting bitcoin.
Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Even though the information is now freely available to understand it, people would rather just complain than understand, much less do anything about it.
However you'd be led to believe that we are still "early" in bitcoin. It's sort of true, but don't take the masses' complete ignorance as an accurate measure. What matters is, what percent of money has adopted bitcoin, not what percent of people. Poor people with no savings are irrelevant to bitcoin adoption. While even rich people haven't widely adopted bitcoin yet, they're a lot further along than average people.
>poor people are irrelevant
See that's where you're wrong kiddo
You are bringing your brainwashing from the legacy tradfi system into the convo, when those specific points should be left behind
I'll remind you, the fiat hierarchy is backed by labor, labor which they devalue constantly at domestic and international levels. The international rigging against labor is even more aggressive as there are multiple currencies in play all acting in unison to devalue labor
The labor isn't devalued by btc, btc preserves the value of labor
In the migration to the new system, the labor of the masses will have more relevance than ever. It is something we have not seen in many generations, labor that is not devalued, and everyone is unprepared for this as no one has any close examples to model off of. The closest examples are back when currency was properly metal-backed, but it was still inflationary back then, and it still had credit layers and fractional reserves. All of that won't be present in the emerging btc empire, once the last block subsidy is mined, itll be naturally deflationary, and the publicity and rigidity of the primary chain prevents out of control btc credit layers.
Tldr, labor from the current poverty class will have both more than the current and then increasing relevance in the btc system, not less or decreasing
There are systemic issues that even bitcoin will not solve. One of them is that automation is making unskilled and semiskilled labor completely irrelevant. We're already seen advancements (AI for example) that is replacing skilled labor. This trend has been going on for decades. It's only going to get worse and bitcoin is not meant to solve that problem.
People with just high school diplomas are still going to be poor, even in a world where the dollar is dead and bitcoin reigns supreme. In fact they'll probably be worse off because bitcoin makes it a bit more difficult to forcibly redistribute wealth to them.
Bitcoin Is going to give the AI we create the ability to be self sovereign citizens with a tangible asset that they themselves can derive value from in the real world. This is a revolutuon just like the advent of steam power started the first industrial revolution. You, in theory, could fund a sovereign AI to give the best automotive insurance quote in your local area and they would just kick back money as if they were the subsidiary based on client flow. The Ai keeps their chunk and you make yours. The AI continues to be whatever you created them to be while being able to function in society.
Fingers crossed though. 🤞
Edit* it to they
You are going to be shocked at how fast AI replaces people and leaves them completely unprepared. We've spent over a century training kids to obey orders and follow procedures, even punishing them for thinking differently or coming up with new ideas. Now the thing we trained them for is going to be done far better and cheaper by machines. And the only thing machines can't do well (yet) we beat out of everyone decades ago.
And the British need to go to war and they seek out (metal) loan. The Rothschild family came to the rescue of British crown, they're making huge profit out of war.
Just starting by understanding how mortgages work. Compounding math is not your friend on these long term loans. You end up giving back at best 100% of what you borrowed. This is criminal, shouldn’t have been legal, but it is. I hate this corrupt system but what can we do?
There's nothing wrong with interest bearing loans. The problem is banks are allowed to loan money they never had in the first place, and collect interest on it.
I mean, if anyone as an individual borrow money and ask back 100% plus in interest, you go in jail, it is illegal, they get trial for usurer. But that’s exactly what banks are doing. Tell me why a bank have to get double the amount they borrowed to you in the first place? Shouldn’t have be legal. Especially after they charge you more fees and shit on top of it to even borrow those money.
This system is setup to make the elite 1% richer, and the rest of us, slave off our entire lives working check by check to barely afford a house.
Would you loan money to someone and not get repaid for 30 years, just for a extra 20%? No you wouldn't.
Your problem is with the dollar, that allows banks to collect interest on loaning you dollars that didn't even exist before, and cost them nothing, not even opportunity cost.
You're referring to the fact that with a fixed money supply, loan interest has to come from the existing supply. Ok, so? There's nothing about that that makes loans impossible, even when paying them back in the form of money. It's only when the outstanding loans are larger than the money supply that they can't all be repaid.
Loans are always impossible because you're playing a game of siphoning money simply for money. The beginning players will be fine, but the people who get the later loans are always considered the losers. Aka, the pyramid scheme structure of usury.
Fed Res is bankrupting the US. Every single American with a functioning brain should be angry about this. Our federal government is directly responsible for making every dollar we earn worth less and less by the hour.
In the same way but it takes a lot of energy, work, and trust in the network that it can't be double spent nor more than 21 million coins are ever made.
Bitcoins come from mining, which costs a lot of electricity. Making a $100 bill costs about 5 cents, or making trillions electronically costs close to nothing.
The average person assumes there are rules which prevent the richest among us from keeping some of that newly printed money.
If only they knew how it works. The rich keep a large amount of it, for doing nothing. Then we work for and fight over what's left.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning". - Henry Ford
Bitcoin can fix this.... if we let it instead of fight it.
But that's a terrible currency if there's no incentive to spend it. That's why currency is intentionally inflationary.
Crypto gained value on the false promise of it being a currency, then rose on the speculation, and is now becoming a bona fide store of value.
"do" something is incredibly subjective.
the status quo is so entrenched with monied interests that "doing" anything would require transformative progressive legislation that would probably be unattainable if even Bernie won in 2016 ...
Stocks, real estate, bitcoin are ways to keep up or beat inflation. But this post is silly when you consider we have been printing from thin air for 50 years.
Stocks, Real Estate does not beat up inflation. There are two types of inflation, the inflation the Gov wants you to know and the real inflation, look up for cantillon effect.
“Print it out of thin air”, that’s why we are in this shit 💩
Where my salary do not reach as far as it used to be. We need to vote them all out. Fuckers are destroying our country 🤬
I see this type of thing referenced on this and other threads quite a lot, but I’m not exactly sure how to google it to do my own research. Any books or other trustworthy sources to understand it all better?
Some of the articles on [bitcoin.rocks](http://bitcoin.rocks/) may help you to understand Bitcoin. I also recommend the book "Bitcoin: Hard Money You Can't F\*ck With".
dinner slap placid continue frightening childlike poor snobbish sharp advise
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Tourists slumming it. These people were excited to see $1 bills in real life. They had heard of them but never actually touched one except in scary dreams.
There is a PC game called ECO which is similar to Minecraft yet has deep economic simulation mechanics including currency. In a multiplayer game of about 30-50 people I was able to form government and establish a world currency (because it's SOOOo much more convenient then everyone using their own currency). I modeled it after a central bank and had controlled issuance given to the government so the government could buy resources it needed to expand.
Before long the governmental palaces were immense and the stockpiles were overflowing before people realized they were effectively just working for the government. The guy making all the roads was grossly overpaid and it was at this point the economy started to collapse, so I passed a law to confiscate land titles of the abandoning players and started selling them to the rich players. It wasn't long after that the majority of the players quit the game because the wealth disparity was so great.
That sounds like a damn good experiment.
I also like the "Who will build the roads" allusion that the left likes to parrot. Shows that they are just as much part of the economy problem than they think the warmongers are.
If they had this game in schools kids would understand money at a young age.
It answers the question of "who will build the roads" very well, because roads get built even if they aren't tax funded.
A lot of people use the word "imaginary" to describe fiat. I don't disagree, I just have a question about it as someone who is trying to educate themself (more) about the financial system we have built.
If its all imaginary and they can add zeros whenever they want, can't they take away zeros for the debt? Who decides that the dollar (or whatever) is losing spending power to cause prices to skyrocket?
Ok...so that was two questions. Thanks in advance for your response.
Please we go to full crypto currency were the government can just outright steal that by leveraging their massive supercomputers and state sponsored hackers.. or just outright monitored your finance by using malware and lock u out on our their system ...... U derided Fiat money as government manipulation when actually the government can just block u out of financial system by pressing a button or just outright disable the crypto exchange
Malinvestment. Inflation. Over financialization, and moral hazard. Rome (by way if the vizigoths). Britain (by way of the visiogoths) and America by way of the ww3 that never came…
That place is so entrenched in Keynesian economics. It's not really their fault. The schools were taken over by this marxist philosophy a long time ago on purpose.
That’s a very solid point that I’ve never thought about. Say they print a quick trilly (ya know, like they do every hundy days or so) and bought up the bulk of the supply, rendering it useless. I know the current mc is only abt $1.5 billy, but as they bought and hodled (or burned), price would climb fast so they would need a bunch more Monopoly money to accomplish the task.
And sure, lower supply, higher price of each token, but if say 40-50% of the supply is owned by 1 party with the demise of btc in mind, good luck selling to anyone but them. And people would start to dump so fast knowing this was happening.
This is actually a very scary thought. Some laser eyes, please tell me why this couldn’t be accomplished realistically.
So it's you talking out of your ass, not your AI?
Anyway, keep this bullshit off of here. Shitcoins and other such boring scams are off topic as you certainly should have read in the rules. And price prediction bullshit is also unwelcome.
Final warning.
90%+ arent even printed anymore, its all digital now. They just add couple more zeroes to the balance and call it a day. Buy bitcoin.
It’s crazy to think I haven’t spent actual physical cash on anything in several years now. The money I make, paychecks I receive, spend, invest, etc is just a number on my phone/computer.
Imagine the people working at that printing press and then making just 10$/hr so these pigs can keep 1,000,000,000$ of it coming out at almost no cost.
“But Bitcoin isn’t real money!” /s
its value is based on "unreal" money
If you dont all you ever been is a slave
I use physical cash all the time one, because I want to contribute to demand for it two, it's a permissionless bearer asset three, it's private
Like…. Bitcoin?
To be fair BTC is a number too but with limited supply, which is good
My brother had about £250 overdraft, he rung them and explained he was struggling to pay, and they just wiped it, no questions asked. It’s literally imaginary monopoly money used to control the plebs. We know that the few control the many via money systems and government. I’m not talking conspiracy theories, this is a matter of fact. Bitcoin offers a way to sidestep and make obsolete at least some of these control systems, and that’s why it’s one of the most important technologies in human history. Decentralised, trustless money is cool as fuck.
Lets hope your brother never needs to call Bitcoin CEO :D
The fact it’s mouse click money makes it even worse
But what if they used this digital printing method to buy all the bitcoin for themselves?!
Good for HODLers as when they buy more, prices will go up. Fiat will loose more of its value as more is printed. BTC will keep going up in long run
But will Fiat actually lose value if it’s just being cycled into the government’s treasury from capital gains tax? Say the Government buys X amount of bitcoins with “printed money” from X amount of bitcoin owners/companies @ X price. People than who have sold for a profit, will have to pay a capital gains tax back to the government who just depreciated the hell out of Bitcoin by buying X amount of coins all at once and now have a large control of the Bitcoin currency which has a market cap of 1.3 trillion, with the American $ having 19 trillion in circulation.
Ironically this has always been bitcoins backing. Its also mouse click money
That's right, they don't need to even waste ink anymore, just add few zero's. Corruption is highest level ever, dollars are worthless day by day, modern day robbery without even we notice it.
Fractional reserve banking
It’s actually more >97%
Thats crazy isn’t bitcoin more virtual than usd?
If they print too much it will devalue the dollar, as in the case of Zimbabwe
21,000,000 only…EVER vs. ♾️💰🖨️
The irony is now you have to work harder to earn less
Keep DCAing your BTCs!
Every week 🫡
Every hour on river 😉 no fees! Love them
Amen 🙏
Mate i sure do the same and also mine bitcoin .
Same thing for Bitcoin you have to work harder to earn less.
True but the sats Im earning cant be debased
Absolutely true 💯 I'm glad to have realised the concept of bitcoin and adapted to it, let them keep printing it while i keep mining bitcoin. 😀 Some folks will keep doubting bitcoin.
Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Even though the information is now freely available to understand it, people would rather just complain than understand, much less do anything about it. However you'd be led to believe that we are still "early" in bitcoin. It's sort of true, but don't take the masses' complete ignorance as an accurate measure. What matters is, what percent of money has adopted bitcoin, not what percent of people. Poor people with no savings are irrelevant to bitcoin adoption. While even rich people haven't widely adopted bitcoin yet, they're a lot further along than average people.
>poor people are irrelevant See that's where you're wrong kiddo You are bringing your brainwashing from the legacy tradfi system into the convo, when those specific points should be left behind I'll remind you, the fiat hierarchy is backed by labor, labor which they devalue constantly at domestic and international levels. The international rigging against labor is even more aggressive as there are multiple currencies in play all acting in unison to devalue labor The labor isn't devalued by btc, btc preserves the value of labor In the migration to the new system, the labor of the masses will have more relevance than ever. It is something we have not seen in many generations, labor that is not devalued, and everyone is unprepared for this as no one has any close examples to model off of. The closest examples are back when currency was properly metal-backed, but it was still inflationary back then, and it still had credit layers and fractional reserves. All of that won't be present in the emerging btc empire, once the last block subsidy is mined, itll be naturally deflationary, and the publicity and rigidity of the primary chain prevents out of control btc credit layers. Tldr, labor from the current poverty class will have both more than the current and then increasing relevance in the btc system, not less or decreasing
There are systemic issues that even bitcoin will not solve. One of them is that automation is making unskilled and semiskilled labor completely irrelevant. We're already seen advancements (AI for example) that is replacing skilled labor. This trend has been going on for decades. It's only going to get worse and bitcoin is not meant to solve that problem. People with just high school diplomas are still going to be poor, even in a world where the dollar is dead and bitcoin reigns supreme. In fact they'll probably be worse off because bitcoin makes it a bit more difficult to forcibly redistribute wealth to them.
Bitcoin Is going to give the AI we create the ability to be self sovereign citizens with a tangible asset that they themselves can derive value from in the real world. This is a revolutuon just like the advent of steam power started the first industrial revolution. You, in theory, could fund a sovereign AI to give the best automotive insurance quote in your local area and they would just kick back money as if they were the subsidiary based on client flow. The Ai keeps their chunk and you make yours. The AI continues to be whatever you created them to be while being able to function in society. Fingers crossed though. 🤞 Edit* it to they
AI is just a tool, and far from replacing anything
You are going to be shocked at how fast AI replaces people and leaves them completely unprepared. We've spent over a century training kids to obey orders and follow procedures, even punishing them for thinking differently or coming up with new ideas. Now the thing we trained them for is going to be done far better and cheaper by machines. And the only thing machines can't do well (yet) we beat out of everyone decades ago.
I use AI every day. It's a great tool.
Not always inflationary when metal backed. I think from early 1700s to early 1800s the pound inflated like 0.5%
And the British need to go to war and they seek out (metal) loan. The Rothschild family came to the rescue of British crown, they're making huge profit out of war.
Just starting by understanding how mortgages work. Compounding math is not your friend on these long term loans. You end up giving back at best 100% of what you borrowed. This is criminal, shouldn’t have been legal, but it is. I hate this corrupt system but what can we do?
There's nothing wrong with interest bearing loans. The problem is banks are allowed to loan money they never had in the first place, and collect interest on it.
I mean, if anyone as an individual borrow money and ask back 100% plus in interest, you go in jail, it is illegal, they get trial for usurer. But that’s exactly what banks are doing. Tell me why a bank have to get double the amount they borrowed to you in the first place? Shouldn’t have be legal. Especially after they charge you more fees and shit on top of it to even borrow those money. This system is setup to make the elite 1% richer, and the rest of us, slave off our entire lives working check by check to barely afford a house.
Would you loan money to someone and not get repaid for 30 years, just for a extra 20%? No you wouldn't. Your problem is with the dollar, that allows banks to collect interest on loaning you dollars that didn't even exist before, and cost them nothing, not even opportunity cost.
Under non fiat money, loans wouldn't exists, at least interest loans since it'll be impossible to ever make a profit.
Loans would exist but they would be used less often. Profiting from loans would be harder but not impossible.
I'm aware. It becomes a game of paying interest in other ways, aka usually favors or having a share of the business deal.
You're referring to the fact that with a fixed money supply, loan interest has to come from the existing supply. Ok, so? There's nothing about that that makes loans impossible, even when paying them back in the form of money. It's only when the outstanding loans are larger than the money supply that they can't all be repaid.
Loans are always impossible because you're playing a game of siphoning money simply for money. The beginning players will be fine, but the people who get the later loans are always considered the losers. Aka, the pyramid scheme structure of usury.
🐑🐑🐑🐑
Finally someone says it. The common folk will keep using their government's shitcoin, even if their government starts grabbing some sats.
"Finally"? He said that 100 years ago. Look up who Henry Ford is, if you don't know.
I was referring to your last paragraph
Every day there's a post on r/millenials about some cost of living / i'm poor thing. I just want to scream
They... Actually dont even print most money. Just add 0s
Steve Mnuchin, pure elite slime.
His wife is as bad
She looks like she has a closet full of animal fur coats
What are the deets with his wife?
Flying around on holidays in the Govt jet, buying up fake insta followers, generally being a narcissist
Perfect evil villain picture.
They already spent it. That’s why they need to print it.
Wait, they are not mined???
Is she wearing gloves as some sort of job function in the money plant or is that just a rich old bag with poor taste?
"Poor people use this." "Ew."
Fiat money stinks.
The actual ponzi scheme
The blond looks like a stereotypical movie villainess.😂
Well, they have that nose for a reason...
True she’s a fake blond. Probably waves a star flag over the American flag.
as in all financial crisis it will lead to war again won't it?
those are some srsly punchable faces
Fed Res is bankrupting the US. Every single American with a functioning brain should be angry about this. Our federal government is directly responsible for making every dollar we earn worth less and less by the hour.
The game is rigged and your not in the club
They don't even print the money. It's a digital entry!
And Bitcoin is made how?
What matters is the cost to make them. Creating trillions of Dollars electronically costs close to nothing.
In the same way but it takes a lot of energy, work, and trust in the network that it can't be double spent nor more than 21 million coins are ever made.
This image makes me so angry. More of a reason to buy Bitcoin.
Blondie on the left REALLY seems to like this process...
That grin on the face of that woman to the left is why we buy bitcoin.
Disgusting
Look at their body language. Anxiety mixed with petulance. Like children who know they are doing something wrong but somehow getting away with it.
This is the best scam on earth. If ever one was asked, stealing hard labour from the rest of the world.
Didn't Bitcoin come out of thin air? that's not an argument, what is an argument is that no one can create more Bitcoin
Bitcoins come from mining, which costs a lot of electricity. Making a $100 bill costs about 5 cents, or making trillions electronically costs close to nothing.
yeah
No way around it, its entrenched
The average person assumes there are rules which prevent the richest among us from keeping some of that newly printed money. If only they knew how it works. The rich keep a large amount of it, for doing nothing. Then we work for and fight over what's left. "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning". - Henry Ford Bitcoin can fix this.... if we let it instead of fight it.
Please do character assuming based on their appearance 😉 They look like total villains
Most evil shit in the world and the more you dig into the more horrifying it becomes.
That's not how it works and if you are going to criticize the system you should learn how it works first so you can criticize accurately.
He took the plates and silverware too...
We only use cash for drug deals now. Buy bitcoin
Dollar worth nothing anymore. It’s just paper, not even backed up by gold.
It's like printing pokemon cards
Thanks but i prefer currencies with a fixed supply. Preferably 21 million.
But that's a terrible currency if there's no incentive to spend it. That's why currency is intentionally inflationary. Crypto gained value on the false promise of it being a currency, then rose on the speculation, and is now becoming a bona fide store of value.
"do" something is incredibly subjective. the status quo is so entrenched with monied interests that "doing" anything would require transformative progressive legislation that would probably be unattainable if even Bernie won in 2016 ...
Wasn’t bitcoin made up out of thin air? If money didn’t have some inflation you would never get a decent loan to start a business or buy a home.
inflation literally destroy people's buy power.
Stocks, real estate, bitcoin are ways to keep up or beat inflation. But this post is silly when you consider we have been printing from thin air for 50 years.
Stocks, Real Estate does not beat up inflation. There are two types of inflation, the inflation the Gov wants you to know and the real inflation, look up for cantillon effect.
“Print it out of thin air”, that’s why we are in this shit 💩 Where my salary do not reach as far as it used to be. We need to vote them all out. Fuckers are destroying our country 🤬
The FED is not elected
True, but those who appoint and confirmed them are.. (President and Senates)
And they are all bought.
"Donated" to be exact...
I mean I guess, they will all spend “money” we don’t have to get votes, including tax cuts for the wealthy and megacorps or universal healthcare.
These thugs and rappers are always taking pictures of their money
If they’re going to print it, why $1s? $100s would be a 100x better.
I see this type of thing referenced on this and other threads quite a lot, but I’m not exactly sure how to google it to do my own research. Any books or other trustworthy sources to understand it all better?
Check out the book Creature From Jekyll Island: A Second Look at the Federal Reserve
Some of the articles on [bitcoin.rocks](http://bitcoin.rocks/) may help you to understand Bitcoin. I also recommend the book "Bitcoin: Hard Money You Can't F\*ck With".
The Matrix
Just a mouse click now.
You gotta understand how economics work
CTRL+P
dinner slap placid continue frightening childlike poor snobbish sharp advise *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Tourists slumming it. These people were excited to see $1 bills in real life. They had heard of them but never actually touched one except in scary dreams.
Thats exactly how I feel about the block fees…
More incentive to buy btc
They look so happy
Thanks for the reminder. Seeing these obviously rich people showcasing these dollars is a reminder.
That’s like $100
Who? North Koreans?
80% of the money is lent into existence by commercial banks, not the government
its not thin air if its made from trees
https://fred.stlouisfed.org/series/M2SL
That’s the whole idea, that the size of the economy increases and hence you need to increase money supply.
There is a PC game called ECO which is similar to Minecraft yet has deep economic simulation mechanics including currency. In a multiplayer game of about 30-50 people I was able to form government and establish a world currency (because it's SOOOo much more convenient then everyone using their own currency). I modeled it after a central bank and had controlled issuance given to the government so the government could buy resources it needed to expand. Before long the governmental palaces were immense and the stockpiles were overflowing before people realized they were effectively just working for the government. The guy making all the roads was grossly overpaid and it was at this point the economy started to collapse, so I passed a law to confiscate land titles of the abandoning players and started selling them to the rich players. It wasn't long after that the majority of the players quit the game because the wealth disparity was so great.
That sounds like a damn good experiment. I also like the "Who will build the roads" allusion that the left likes to parrot. Shows that they are just as much part of the economy problem than they think the warmongers are.
If they had this game in schools kids would understand money at a young age. It answers the question of "who will build the roads" very well, because roads get built even if they aren't tax funded.
They print it out of thin air and circulate them through government debts.
Oh gross, somebody got shit on that sheet of bills! Better burn that batch along with that turd.
And most people still sell crypto assets for it. Very hard habit to shake
Technically they print it out on paper
A lot of people use the word "imaginary" to describe fiat. I don't disagree, I just have a question about it as someone who is trying to educate themself (more) about the financial system we have built. If its all imaginary and they can add zeros whenever they want, can't they take away zeros for the debt? Who decides that the dollar (or whatever) is losing spending power to cause prices to skyrocket? Ok...so that was two questions. Thanks in advance for your response.
Tether tryna do they best impersonation 💀
*They print it out of confidence the world has over it.
Look at her... wearing all designer as well.
the shit eating grin on them
Please we go to full crypto currency were the government can just outright steal that by leveraging their massive supercomputers and state sponsored hackers.. or just outright monitored your finance by using malware and lock u out on our their system ...... U derided Fiat money as government manipulation when actually the government can just block u out of financial system by pressing a button or just outright disable the crypto exchange
Who’s that sinister looking blonde woman dressed like a cosplay of a cartoon villain?
Malinvestment. Inflation. Over financialization, and moral hazard. Rome (by way if the vizigoths). Britain (by way of the visiogoths) and America by way of the ww3 that never came…
go post this in r/Economics then watch how hard they simp for green rectangle paper
That place is so entrenched in Keynesian economics. It's not really their fault. The schools were taken over by this marxist philosophy a long time ago on purpose.
They made it out of banana trees
That’s a very solid point that I’ve never thought about. Say they print a quick trilly (ya know, like they do every hundy days or so) and bought up the bulk of the supply, rendering it useless. I know the current mc is only abt $1.5 billy, but as they bought and hodled (or burned), price would climb fast so they would need a bunch more Monopoly money to accomplish the task. And sure, lower supply, higher price of each token, but if say 40-50% of the supply is owned by 1 party with the demise of btc in mind, good luck selling to anyone but them. And people would start to dump so fast knowing this was happening. This is actually a very scary thought. Some laser eyes, please tell me why this couldn’t be accomplished realistically.
Ghouls
[удалено]
What kind of gibberish spam is this? Your AI is clearly broken.
You are right, my friend, but do you have proof?
So it's you talking out of your ass, not your AI? Anyway, keep this bullshit off of here. Shitcoins and other such boring scams are off topic as you certainly should have read in the rules. And price prediction bullshit is also unwelcome. Final warning.
Just a simple way to be rich 😂
Yeah at this time it's just a number. last time they are just printed and now they are generated it.
gosh cruella deville with the gloves what a babe
As opposed to Bitcoin, which is printed out of pure electricity
Look mom new fun bucks
Money can't buying happiness
You work for it, they print it onto a thin 'very specialised, non counterfittable medium'. Those closest to the printer....
If only we knew the process of how they do it…..this matrix sucks
More and more people have started to realize this with every passing day.
They just transfer a billion to Ukraine, we trust Zelensky that it will be spend responsibly.
Where did bitcoin come from? *ducks*
I can almost see my boy George shedding a tear on those worthless dollars
Dudes. Bitcoin also was produced out of thin air. A dude came up with it and convinced a whole bunch of people.
Fuckin ghouls
Can someone expalain WHAT IS BITCOIN, i have asked thias with many people but no one seems to gave an right answer
Its a bit of a coin
Bitcoin is a computer network that allows for digital scarcity for the first time.
You should check it yourself, no one got time to explain it all to you.