Bitcoin prices have fluctuated in lockstep with the US dollar very much so every time there's some economic impact. It isn't a "hedge against inflation" at all.
You clearly have never been to a farm co-op before either. These are the kind of people I make connections with. There's a lively barter system in exchange for essentials happening there. City folk enamoured with the latest Elon Musk-type speculations will never get it, and they'll be the first and worst when their technology fails them.
Gold didn't destroy money either - usury did. The ones that committed usury were the ones initially backing the financial system with gold and held onto the gold while they debased the currency and created interest on debts produced from nothing.
Waethorn /
npub1ah…j6ee5
2024-08-21 23:00:11
in reply to nevent1q…y3pn
Author Public Key
npub1ahd4wv5s8uns8rpgefrmctarq3vepta8w8x086hdhpk4tk2tcl7qkj6ee5Published at
2024-08-21 23:00:11Event JSON
{
"id": "d7426dc175d19343c2c02549329a27924e7c2b6c0da7e93bc02af0d8b48df9a3",
"pubkey": "eddb5732903f27038c28ca47bc2fa3045990afa771ccf3eaedb86d55d94bc7fc",
"created_at": 1724281211,
"kind": 1,
"tags": [
[
"e",
"bac6bd071cf9f44720ff24333607634bd2c11f3bcac60849e404144b7640d899",
"wss://freespeech.social/relay",
"root"
],
[
"e",
"fd0235a2a2530a20b00b7a4c281441912f05cd623a980e831244070d64245d4d",
"wss://freespeech.social/relay",
"reply"
],
[
"p",
"c074ef91848c1d74a8639c82a1cdf73722b688472fc120843a23954a7c8b75d0"
],
[
"p",
"04f7dda09c0e8f1117379d5f21b50324af3383e19adc20407638cef9c4d00b46"
]
],
"content": "Bitcoin prices have fluctuated in lockstep with the US dollar very much so every time there's some economic impact. It isn't a \"hedge against inflation\" at all.\n\nYou clearly have never been to a farm co-op before either. These are the kind of people I make connections with. There's a lively barter system in exchange for essentials happening there. City folk enamoured with the latest Elon Musk-type speculations will never get it, and they'll be the first and worst when their technology fails them.\n\nGold didn't destroy money either - usury did. The ones that committed usury were the ones initially backing the financial system with gold and held onto the gold while they debased the currency and created interest on debts produced from nothing.",
"sig": "e5cbb4bc9a0cf7e896b7fe5357dcee21b7d60d949871d6ded0cdb3644056f3c4075b2401a0cd8098d4337221f60e89b18371e0de62894230bb40cbb4e9d4a5da"
}