Like I said, privileged people who don’t think that bitcoin is useful.
Together we can build something that was lost to company execs, shareholders and modern capitalism.
Like I said, privileged people who don’t think that bitcoin is useful.
It’s not surprising tbh. Most millionaires like Linus or tech people in general have so much money that the problems of the financial system don’t impact their lives.
Torvalds also dismissed the idea of technological singularity as a bedtime story for children, saying continuous exponential growth does not make sense.
Continuous exponential growth is actually something our financial system was DESIGNED FOR. It it makes no sense our inflationary money makes no sense.
worked fine for millennia without inflationary money
That means until the early 1900s or 1970s when inflation went into overdrive.
our current population boom
Huh what?
deflationary economies are terrible for everyone
That’s a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.
I’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.
Don’t you understand that artificially induced unlimited growth is bad? It’s not about inflation or deflation, but the outcome.
https://www.ecb.europa.eu/mopo/strategy/pricestab/html/index.en.html
The main task of the ECB is to maintain price stability. The ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. Price stability creates conditions for more stable economic growth
Crypto is literally just machines wasting energy on purpose to create false scarcity
A monetary system that is designed to lead to eternal, cancerous growth through intentionally inflating the money supply is far worse.
Worse than getting information from multiple sources.
The problem with wikipedia is that people expect it to be neutral but on many topics it is far from that. It’s probably better to find a biased source where you know and account for the bias. Any “conservative” or “progressive” source where you know the bias is more reliable, at least you know which way they are leaning on all topics. And never trust a single source anyway.
Trust but verify my dude.
You have a weird definition of trust.
Quality contribution
So you know there is wrong information on wikipedia, but you still trust it as a primary source? That says a lot about you.
What isn’t what who said?
It isn’t, Wikipedia is about as trustworthy as any other random source.
Bitcoin is by definition controlled by those who have the power and thus the money to mine
This is actually 100% wrong, miners are not in control, they depend on the users of the network. This has been demonstrated during the block size conflict where miners tried to get their way and couldn’t.
Yeah, you don’t even understand that Bitcoin isn’t web3.
A pyramid scheme only gains value if you can lure in more people. Bitcoin gains value even if the number of people is constant because the measuring stick you use, the USD, constantly shrinks through inflation. Happy to clear that up.
I understood why bitcoin is valuable in 2013 and I know that it is still massively undervalued, people like you are the clear proof.
Who knew you could get a bunch of men
Lol, of course somebody like you is also a sexist.
Not sure which point you’re trying to make.
Yeah, it always crashes. So what, then I’m only up 10000%, not 20000%.
I’m simply always away. It’s less misleading than being randomly away because I do actual work and am not glued to the computer.