As the masses plow into btc the govt will loose it’s ability to tax under the current regime and be forced to switch to a sales tax, which will is a more equitable system, especially if they don’t tax food and clothing.
America became great do to focused individual states, men, companies all in competition to push the US and their own enterprises to the forefront. It’s now just a centralized nightmare, where much of everything has to be approved by some overlord. How is it that you can get arrested for trying to live off the grid or grow vegetables in your own yard or heavens forbid… sell lemonade?
Decentralized truth will be our savior from the wannabe kings and parasites…. got #bitcoin?
It is common now to see people tweet before/after pics of like the spoof I just did of Christopher Lloyd.
The before pic is usually some mild mannered person and the after is “woke”. For me, bitcoin was a discovery that dominated my life at a greater and greater rate. I started to understand the impact it could make to decentralize the world and then as a store of value that could make great returns for early investors.
Initially I mined a few tenths of a btc on slush’s pool in late 2012 using a GPU, when you could actually still do that. Then I got caught up in the butterfly labs scam and purchased of of their first ASIC miners, which was already behind the curve by the time I received it (almost 1 year later). I have not mined since then, because it’s just not profitable for the common man due to electrical costs.
The most powerful draw for me is that btc is freedom. I’m a wannabe anarchist who dislikes government and think they are one of the true evils in the world. Not that they set out to be evil, they just devolve over time… all of them, without exception. People drawn to power are not the people who you want ruling over you, because they will always choose to impose their will and rob you blind; human nature does not change. The biggest question is why do we need rulers? I believe the crypto universe is the best hope for mankind in removing the people and laws that try to control us.
Charles Hugh Smith of the website oftwominds.com has proposed a system called CLIME that outlines how crypto can be used to restructure how people deal with one another in a equitable way that takes care of the folks who cannot take care of themselves. There is always paid work, because value is given to every task, all the way down to cleaning bike paths and picking up trash on the road. Please take the time to read the brief outline and gain some insight into how wonderful life could be. His system comes as close to eliminating poverty of any thing I’ve ever read.
Once you have gotten bitten by the bitcoin bug, it’s hard to ever look at the world in the same way. You keep working your way down the rabbit hole and learn that it’s a never ending lesson. Mankind has just now scratched the surface on the power that is being unleashed. Everyday there are more articles on where it can go then you’ll have time to read. I’m going to be writing more in the coming weeks on some of these paths and how they may play out. It’s been a wild ride, but I wouldn’t have had it any other way…
On my first interview out of college I was asked if it was better to be fair or consistent. I answered fair, thinking it was much nobler that the non-sexy foe. My soon to be boss then asked me if I were to ask a Democrat and Republican the same question about taxes would they both come to the same “fair” conclusion? It dawned on me that fair is always in the eye of the beholder and has no basis in reality. Consistent on the other hand does a day in, day out job that makes for great bosses, employers and spouses.
Fairness comes from our thoughts, but is manipulated by our motivated reasoning. Our unconscious motivations tend to be biased based on our life, our teachers and circumstances. If we are watching a football game and there is a penalty on our side, we naturally are unhappy with the decision even if it was correct. This self-delusion is found in all of us, but there are ways to combat it if you are willing to be introspective and wish to change.
The key to learning to hate the word “fair” and embrace consistent is to understand that we are emotional creatures. Once you accept that emotions can play a large part in your decisions then you can move forward. Curiosity is one of the big keys, you need to dig in and not just accept things at face value. You need to unhook your self-worth from never being wrong and maintaining beliefs because you have espoused them. You need to gain pleasure and confidence from having changed your mind to a better argument. You need to feel virtue at testing your own beliefs and understand that changing your mind is strength, not weakness. Self worth should not be tied to how right or wrong you are, but in your ability to be flexible as facts change.
The MSM wants us to believe Repubs/Dems still matter, but more than 50% of us didn’t vote… discard the illusion of government and withdraw your consent.
The MSM would have you believe that we are all fighting the left/right fallacy, but more than half of us didn’t vote… come join us and leave the system
Trustless Concensus via a Transparent Dist Ledger in an Immutable P2P Store of Divisible Value with Scarce Coins
Question: If you’re a despot of a country that has no wares to sell the rest of the country, how do you get $ to buy them?
Answer: Buy some bitcoin miners and sell it on exchanges. NK has nukes, so cheap power isn’t the issue, so gitty up Kim
Rumor: North Korea started mining about the same time as the Wannacry ransomeware attacks occured and now they have BTC they need to sell (launder). This gives them plausible deniability…
If only the CIA hadn’t been so reckless with all the Vault 7 code, we wouldn’t be in all this ransomeware mess!
War in Bitcoin is due to the fact that everyone is acting in their own self interest, which is what Satoshi intended. Unfortunately, interests started to veer apart when entrepreneurs started looking for volume to make their businesses succeed. Due to the network effect, bitcoin has become better used a store of value, it’s why everyone talks about Hodling.
As segwit gets locked in and the layer two protocols become enacted, we will start to see how bitcoin can be used for rapid and low cost payments. This may be accomplished via the lightning network systems or a sidechain or something totally new. Time and talent will determine the winner in scaling of bitcoin. I believe that once we have the layer 2 scaling solution then entrepreneur’s interests will once align with the hodlers, coders and miners and the storm that is called bitcoin will start to clear.