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0 sats \ 0 replies \ @022fbc9cef 14m \ on: U.S. Tariff on China Raised to 245% econ
No, China doesn’t need to make a deal. They are a dictatorship for God’s sake and they will do what the fuck they want. Have you seen their reaction to Covid? China will not bend. Americans will be fucked without Chinese goods though. Good luck.
A lot of words and not much substance.
Remember, people can argue and come up with arguments for basically any point of view. This doesn’t mean that the arguments are valid.
Don’t let this socialistic view poison your mind.
Just use a password manager for things that are non-critical and a security key for critical systems and you’ll be fine
It is good to have manufacturing, but it is not good to have manufacturing jobs. Who would like to work a manufacturing job here, guys?
Trade between countries should not be balanced in monetary terms. That is bullshit.
First, all trade is balanced because if you buy something from someone you value that thing more than the other person values it, and you both benefit.
Second, if some country makes a lot of bananas and you import those bananas and pay for them, you’re not worse off by having a trade deficit with that country.
The whole idea of trade deficit in surplus is just totally stupid.
Why has no one done this:
- Create a decentralized network (blockchain, whatever) that doesn’t have its own token but just uses Bitcoin as a unit.
- Bitcoin is locked into this network through Bitcoin scripts. Perpetual swap is used to peg the Bitcoin value to USD.
- The network can send USD to other people. Fees are paid in USD and Bitcoin is claimed out of the network as compensation for fees.
- No bullshit, no scam tokens, secured by the Bitcoin network’s hash power.
Or is this how taproot assets are going to work?
The network is extremely valuable but that doesn’t mean that overly focusing on building a network is efficient.
Most state currencies are like that. That doesn’t make them “private”.
Using this logic, every government department is private.
There is so much Bitcoin lost we can't even imagine. Bitcoin is going to be absolutely rare. People don't realize that.