reedjosh

52 ms·

451.
by reedjosh 5y ago
> The original conversation was about how Bitcoin could help the 70% who are unbanked And this isn't the best argument for bitcoin. The best argument for it is the limited supply. Considering the BBC has a dog in the fight, I believ
452.
by reedjosh 5y ago
There are wallets that will show a fake lower balance in distress mode. Further, why walk around with all of your BTC available to you? If you really have enough to worry about gangs stealing it, put it in cold storage or on an exchange, bu
453.
by reedjosh 5y ago
> you need to solve it politically. And what do you do when politics are fully captured by corporate and oligarchical interests? The majority of bitcoiners see no way out of our current political system. The dollar underpins the US hegem
454.
by reedjosh 5y ago
Have a wallet and a seed phrase for said wallet in a safety deposit box or even two. Boom, all set.
455.
by reedjosh 5y ago
You pay a slightly elevated price to use your CC. The CC network charge vendors a percentage of the transaction. So you aren't paying directly, but we're all paying.
456.
by reedjosh 5y ago
> they'll just go to the Fed/Treasury, who will swing their wand and write in additional (digital) reserves for the bank. Pretty sure that's true for larger institutions and lending between themselves, but not for your eve
457.
by reedjosh 5y ago
And whenever this comes up, I just like to remind people that we went to a reserve requirement of 0% nearly a year ago with the start of COVID. https://medium.com/navigating-life/we-just-went-from-fractio... Edit: Down
458.
by reedjosh 5y ago
See El Zonte or Bitcoin Beach.
459.
by reedjosh 5y ago
Wow, thanks for that link.
460.
by reedjosh 5y ago
I like decriminalization, but don't like government production. The film idea is funny, but I still disagree with that too. As anyone can tell from my commentary, I'm a crazy no government guy, so that's just my bias.
461.
by reedjosh 5y ago
No, I'm of the same opinion of croes and saul_goodman. > they didn't nab any of the big players in the operation. So effectively they helped the biggest players by making it harder for the small to mid-tier drug cartels do cond
462.
by reedjosh 5y ago
Why is the burner on high heat in like the fourth photo?
463.
by reedjosh 5y ago
I love this comment. This is one area where I think crying racism is actually justified. Racism is thrown around as a justification for anything today, but _real_ racist policies like: > different sentencing laws around crack and powder
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by reedjosh 5y ago
Everyone is surprised to find the government does shady stuff, but many of these operations are even acknowledged like Iran-Contra where the government sold arms to the embargoed Khomeini government to generate black money to fund the Contr
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by reedjosh 5y ago
> regents, oligarchs, gangsters, opaque family trusts Quite certain it is regents, oligarchs, gangsters, opaque family trusts.
466.
by reedjosh 5y ago
> "only" paid billions It was millions over the period of 2014 to 2018. Not that I disagree with your overall point. Bezos did almost pay $1b himself though. In total the people in the article paid under $2b.
467.
by reedjosh 5y ago
And the tracking of all transactions over $10,000 used to be a reasonable limit.
468.
by reedjosh 5y ago
So far it would seem the US Civil war started on hard money and turned to fiat. > Demands for money in the Civil War rapidly exceeded the availability of specie (gold and silver) and the capacities of the private banking system. The gove
469.
by reedjosh 5y ago
I was under the impression WW1 & WW2 were fought under fiat monetary regimes in most of the countries involved? I will try to do some reading.
470.
by reedjosh 5y ago
As I said, it precludes the means of financing wars. If US citizens had to pay for the costs of hegemony directly, people would actually push back. Instead we get ever inflating and impossible to afford housing and a declining standard of l
471.
by reedjosh 5y ago
Fiat finances all wars. Without money printers, people push back against the true levels of taxation involved in modern Geo-politics. US peeps like to mock other currencies that fall to inflation, and how the despotic governments were print
472.
by reedjosh 5y ago
I'm fine with this statement, just wanted clarity. : )
473.
by reedjosh 5y ago
I don't really disagree with the LVT tax idea, I just want people to be clear about hoarding and single family homes. In regards to pushing single family homes out of high value areas, then LVT does make sense. That said, I'm a cr
474.
by reedjosh 5y ago
Unless they run a catering business out of their home. They need furniture, computer, food, and a home for that business, so boom...using the money 'for the business' tax free.
475.
by reedjosh 5y ago
In urban area's sure, but I don't think it's fair to call it hoarding in suburban or rural areas. There's tons of land in the US, it's just that there are no homes _right_ next to jobs and restaurants and the cultur
476.
by reedjosh 5y ago
I think a lot of it is the nudging that the US does with tax incentives. Taxes are often used as a way to economically nudge society toward desired outcomes. Think tax breaks for solar panels or even just getting insulation added to your ho
477.
by reedjosh 5y ago
What if we raised our own children? 1(parent not working):(number of kids) seems like a pretty nice ratio. I mean now we're all too poor to do so, but wouldn't that be nice?
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by reedjosh 5y ago
I have children and don't want them in public schools. I personally feel I was only held back by public schools. What of my case? I pay taxes for schools like everyone else, but I won't even use the schools for my children.
479.
by reedjosh 5y ago
Sure, but in the spirit of the original argument, the taxes still aren't about regaining funds to help the little guy. It's not like paying more taxes is going to go to something beneficial to society. And in my opinion (not verif
480.
by reedjosh 5y ago
Adding to this, institutions make the work between free individuals all but impossible. If I just want someone to help me plumb a bathroom, they have to have license and insurance, they need to file to be a corporation themselves, they need

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