Hi Cody, Thanks for your comments. I will attempt to address them one by one.
1. I am not sure where the socialism is in this plan. The bitcoin solution is a completely new idea. Labels like socialism are inadequate to capture the novelty that it presents. This is not a political philosophy this is merely a mechanism for generating currency. The current method used by the World allows only banks to generate currency. They are the actual socialist who take the value of everyone’s hard work, print up currency without regulation and then lend it to us under debt contract. All new money starts with them. In the Bitcoin Solution all new money starts with the people. And it is not lent as debt, it is given as credit. (New money, the money we’ve never seen before, the money we are currently only allowed to borrow. It doesn’t take any money from the people who create the first value) Once people have currency then let the free market allow that currency to go where it wants. That is not socialism.
2. The difference between the BNAO and the Bank is that the BNAO releases currency to the people debt and interest free. There is no obligation for the people to return the new tokens to the BNAO. There is always liquidity. The bank does no such thing.
3. Community members now have the opportunity to pay each other in Bitcoin but with 1% adoption in El Salvador where the Government recognizes Bitcoin as legal tender it seems that that option doesn’t have appeal to the poor people of El Salvador. Our brief sampling of the public has had a tremendous response from the local El Salvadorans.
4. Accusing us of scamming is inappropriate. You don’t know us. We are attempting to present a new option for people that will allow them an escape from a collapsing dollar system and the new CBDC’s. We ask no one for money, we only present information in hopes of starting a dialogue. Both you and I don’t know where a system like the Bitcoin Solution goes because it has only been possible for a year, which is when the BRC-20 technology began.
I would appreciate if you can elucidate for us how this in any way leads to people being scammed. We understand that we are presenting an entirely new concept and appreciate truly constructive critiques. If you can show us the folly in our way we would appreciate that but we need more calculated details than what you have presented.
TheBitcoinSolution / The Bitcoin Solution
npub1yp…3d43u
2024-04-08 21:24:05
in reply to nevent1q…a369
Author Public Key
npub1ypunlpgxa0jdrsrux69hk82wrk9ralv8w4z0vxyvwunfslnvfx2sd3d43uPublished at
2024-04-08 21:24:05Event JSON
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"content": "Hi Cody, Thanks for your comments. I will attempt to address them one by one.\n\n1. I am not sure where the socialism is in this plan. The bitcoin solution is a completely new idea. Labels like socialism are inadequate to capture the novelty that it presents. This is not a political philosophy this is merely a mechanism for generating currency. The current method used by the World allows only banks to generate currency. They are the actual socialist who take the value of everyone’s hard work, print up currency without regulation and then lend it to us under debt contract. All new money starts with them. In the Bitcoin Solution all new money starts with the people. And it is not lent as debt, it is given as credit. (New money, the money we’ve never seen before, the money we are currently only allowed to borrow. It doesn’t take any money from the people who create the first value) Once people have currency then let the free market allow that currency to go where it wants. That is not socialism.\n2. The difference between the BNAO and the Bank is that the BNAO releases currency to the people debt and interest free. There is no obligation for the people to return the new tokens to the BNAO. There is always liquidity. The bank does no such thing.\n3. Community members now have the opportunity to pay each other in Bitcoin but with 1% adoption in El Salvador where the Government recognizes Bitcoin as legal tender it seems that that option doesn’t have appeal to the poor people of El Salvador. Our brief sampling of the public has had a tremendous response from the local El Salvadorans.\n4. Accusing us of scamming is inappropriate. You don’t know us. We are attempting to present a new option for people that will allow them an escape from a collapsing dollar system and the new CBDC’s. We ask no one for money, we only present information in hopes of starting a dialogue. Both you and I don’t know where a system like the Bitcoin Solution goes because it has only been possible for a year, which is when the BRC-20 technology began. \n\nI would appreciate if you can elucidate for us how this in any way leads to people being scammed. We understand that we are presenting an entirely new concept and appreciate truly constructive critiques. If you can show us the folly in our way we would appreciate that but we need more calculated details than what you have presented. ",
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