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Coming soon to a country nearby you… Plebs cannot be allowed to have access to sound money, otherwise financial parasites can’t exists.
by DethNinja 5y ago
Coming soon to a country nearby you…
Plebs cannot be allowed to have access to sound money, otherwise financial parasites can’t exists.
- lottin 5y agoAre you sure you got this right? Keep in mind that the only way to make money with bitcoin is literally by taking it away from other "investors".
- reedjosh 5y agoOr transacting for goods and services. You know, like in an economy. I just bought coffee with it.
- quantumBerry 5y agoNow apply your idea to dollars, and think about who prints the dollars.
- imtringued 5y agoDollars are created by granting credit and promising debt. Basically to people who need dollars to do productive work. Oversimplification: The promise of work creates dollars and therefore dollars are created through work.
- quantumBerry 5y ago> dollars are created through work. [citation needed] You seem to have a fairy tale level of knowledge about how dollars are created. One of the Fed's favored way of created more money is simply buying treasury bonds with newly created money. Care to explain what work is done there (other than the work done by individuals at the Federal Reserve)?
- lottin 5y agoWhy do I have to apply the idea to dollars? Nobody is telling me that I will become incredibly rich, without having to put any effort, work or invent anything, if I just buy dollars. Yet the same claim is made about bitcoins, and this is why we must examine whether this claim about bitcoin is true.
- quantumBerry 5y agoRead the white paper about bitcoin. Does it say anything about it being an investment, guaranteeing stability of exchanging rates to fiat, providing interest, or any appreciation? I'll be waiting for you to cite that. There's a lot of disingenuous people out there, that for some reason believe bitcoin or other cryptos are "investments." I guess they missed that they are called crypto-CURRENCIES and not crypto-investments. And then they get upset that they are not, and go on to berate a currency for not being an investment. It's fine to be upset at any swindlers calling a zero-sum or negative-sum game like most crypto an investment, but if you actually read the white papers many cryptos make no such claims. And there are certainty people telling you that you can get rich off dollars, just look at the FOREX trading peddlers telling you to get rich by trading fiat and leveraging fiat exchanges. I don't attack dollars for that! And yeah, you can apply your idea to dollars, because one of the biggest way for the government to profit off of dollars is to print more out of thin air, therefore debasing the "investment" of the rest of the dollar holders. You can choose to not apply the idea to dollars, and rather bury your head in the sand if you like, that's your prerogative.
- lottin 5y agoAgain, there are no dollar influencers, with millions of followers, urging people to mortgage their homes to buy more dollars. That's because everybody knows you can't get rich by buying dollars, because dollars are not an investment. And something that isn't an investment can't be a pyramid scheme, because a pyramid scheme is a type of investment scheme. Therefore we must dismiss the idea that the dollar is a pyramid scheme. Bitcoin on the other hand is a pyramid scheme wrapped in a cult.
- 5y ago
- imtringued 5y agoWhy do plebs care about sound money? The more sound money you have the more you benefit from it. Plebs don't have most of the sound money, they'll lose out.