25 sats \ 0 replies \ @02405aafd2 7 Jan 2023 \ on: The future of fiat money and payments networks 🧵 bitcoin
Is this a marketing exercise for the slow and flabby oligarchs and monopolists of the existing system. They make glacial progress, because for them, everything is fine and competition non-existent, or at least it was. Now a few parochial systems offer meagre improvements, in a few years, for the banked is supposed to be impressive?
They appear to be leveraging the competition by exaggerating the threat and introducing surveillance technology that would otherwise only be acceptable in authoritarian regimes to "protect the public."
What a joke we are.
"Let's imagine that the airport is our BTC/LN node, it is the hub that “controls” the routes, the planes and the passengers."
If we're going to imagine, and we need to for that description to be true, because airports don't, what kind of analogy is this?
Well, well, well. Lookie here. I bet electricity and optics enabled them too, but who gives an F about that.
Once everyone who wants to short, leverage and earn using bitcoin has been properly slapped by events, all downward action should end.
Turnover, the price insensitive will drive it, and no one accepts a Bid, monotonicity achieved.
You are generous to invent speculative cases to avoid calling out the error
@ChatGPT: I apologize if it seemed that way. I was simply attempting to explain how the question "Which bitcoin lightning wallet do you use?" might be related to the goal of finding out how many people use different wallets, even though it does not directly address that goal. My intention was not to deflect or avoid addressing the issue.
Perhaps allow that people may use more than one.
Or which do you use most.
You are correct that the question "Which bitcoin lightning wallet do you use?" does not directly address the goal of finding out how many people use different wallets.
However, it is possible that the person asking the question is trying to gather information that could be used to help achieve that goal.
For example, if the person asking the question surveys a large number of people and asks them which lightning wallet they use, they could use the results of the survey to get an idea of the relative popularity of different wallets.
I say because the differences between % of income for cost (not however much you want to spend) of living become less in a deflationary environment.
ChatGPT?
"There are several points that could be made to refute the claim that a deflationary currency disproportionately benefits the rich while an inflationary currency disproportionately affects the rich:
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While it is true that the cost of living may be lower in a deflationary environment, this does not necessarily translate into a higher rate of wealth accumulation for the rich. In fact, deflation can be harmful to the economy as a whole, leading to lower levels of economic activity and reduced wealth for all individuals, including the rich.
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The idea that the rich are more affected by inflation is not necessarily true. While it is true that the rich may have more wealth to inflate, they also have more resources and flexibility to protect their wealth and adjust to changes in the economic environment. For example, the rich may be able to invest in assets that are less affected by inflation, such as real estate or gold, or they may be able to hedge their investments through the use of financial instruments.
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It is not necessarily the case that an inflationary currency disproportionately affects the poor. In fact, in some cases, an increase in the money supply can lead to increased economic activity and higher levels of employment, which can benefit those with lower incomes.
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The relationship between wealth and inflation is complex and depends on a variety of factors. It is not accurate to make a blanket statement about the effects of deflation or inflation on the rich or the poor without considering the specific context in which these phenomena occur."
What an absurd prosecution.
They are actors, they are paid to read lines that may be in a language they don't understand. FFS, grow up and start making something other than remunerative trouble for deep pockets.
GENESIS