I love bitcoin, but the thing is in the real world people need real things. They need real food, not food tokens, they need real homes, not home tokens. For once, we can finally control something that the government can't deny us, but I honestly don't know how far that will take us, because bitcoin capital is not physical capital.
But on the other hand, we also need real capital, not fake capital like those shit-tokens printed up by the Federal Reserve. Once upon a time, the US dollar was backed by real gold, which was real capital, with real physical uses, and during those times our economy grew rapidly. Those days are long gone.
I'm thinking bitcoin might eventually allow for honest price discovery in the service economy, and then that would find a market value against the physical capital economy. During hard times, the service prices in bitcoin would stay about the same, but the physical prices in bitcoin would go up. During good times, the service economy would also stay about the same, but the physical prices in bitcoin would do down. Maybe your construction worker, car mechanic, dentist would charge in two prices, bitcoin for the service, and goldcoin for the physical. That other shit-coin, called the US dollar, will either die out, or go down. The thing is, the more they force you to pay taxes in dollars, the more they force dollar regulatory controls, the more alternatives like Bitcoin go up.
To be honest, I know this is treason for some people here. But I like privacy coins like Monero, because it give the shit-coin dollar nuts less ability to track and control.
Fantastic Firefly
npub1lz…n95ur
2024-02-10 16:52:15
in reply to nevent1q…zsg7
Author Public Key
npub1lz02xy53vrs98sc5mz0u3lg6xd9qu9t5fjyfg5ute6vj93xwgxps9n95urPublished at
2024-02-10 16:52:15Event JSON
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"content": "I love bitcoin, but the thing is in the real world people need real things. They need real food, not food tokens, they need real homes, not home tokens. For once, we can finally control something that the government can't deny us, but I honestly don't know how far that will take us, because bitcoin capital is not physical capital.\n\nBut on the other hand, we also need real capital, not fake capital like those shit-tokens printed up by the Federal Reserve. Once upon a time, the US dollar was backed by real gold, which was real capital, with real physical uses, and during those times our economy grew rapidly. Those days are long gone.\n\nI'm thinking bitcoin might eventually allow for honest price discovery in the service economy, and then that would find a market value against the physical capital economy. During hard times, the service prices in bitcoin would stay about the same, but the physical prices in bitcoin would go up. During good times, the service economy would also stay about the same, but the physical prices in bitcoin would do down. Maybe your construction worker, car mechanic, dentist would charge in two prices, bitcoin for the service, and goldcoin for the physical. That other shit-coin, called the US dollar, will either die out, or go down. The thing is, the more they force you to pay taxes in dollars, the more they force dollar regulatory controls, the more alternatives like Bitcoin go up.\n\nTo be honest, I know this is treason for some people here. But I like privacy coins like Monero, because it give the shit-coin dollar nuts less ability to track and control. ",
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