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There is definitely a contest to develop the digital trade payments successor to SWIFT and its primarily between USA and China.
So far Strategy is winning.
China has crippled the US military industrial complex with its acquisition of near monopoly over rare earths supply chains.
Yeah no one can dig a hole unless there's a government forcing them to dig it. Sure.
Which government taken more of its citizens out of poverty than any other government in the history of mankind?
Post WWII Japan. That's the best government on earth.
They are perfectly analogous in the example I gave. Did you want a whole separate set of rules for different types of entities?
If there's anything parasitic going on, it's not with Strategy. It's with the issuer of the loan. When the government offers you free money, either you take it, or the entity who does take it drives you out of business. Until the government goes completely bust, there is no other way to compete in a statist market.
They didn't move it around just anywhere. They carried it across time so that people who prefer to buy late at a higher price can do so. Do you think investment gains and broker fees aren't a legitimate form of income? How far are we going with the Marxism?
Really? It's not building unless you have mud on your hands? Your conception of achievement reeks of Marxism.
Simple math. If I earn $20,000 in a year, buy a Bitcoin, then do nothing for two years except sell it for $100k, while a nocoiner spent three years working to earn $80k purely from manual labor, the reason I ended up with more money than him is actually because I worked harder or at the very least, worked more efficiently. Because it takes mental effort to read the market.
It's a good thing because printing fiat to buy Bitcoin is what ultimately drives the purchasing power of fiat to absolute zero and confirms BTC as world reserve currency. It's not enough to warn about the flaws in the old system. Someone has to actively exploit them to prove the point.
And I disagree with the idea that an individual or company which does nothing except trade Bitcoin isn't providing a valuable service. They are. Treasury companies did the work of analyzing their balance sheet, so they chose the best store of value while everyone else chose wrong. It's perfectly fair for them to be incurring a gain in fiat terms.
No? If you were CEO you wouldn't buy Bitcoin with 0% interest loans? You'd just go out of business instead?
It's not shadow banking. It's the obvious play that every corporation should adopt if they care about money.
Well remember our payment network is functioning properly. Their tax code is broken. We get to set the rules from now on.
Our country is half communist. The laws that ban construction of nuclear plants, which Trump is trying to repeal, were all pushed through by leftist central planners.
Central planning is always bad. The US has a bunch of central planning and it's just as bad when we do it.
When China builds a nuclear plant it's because the pyschos in the government got out of the way and allowed other people to build it.
The state is for building weapons and concentration camps. The market serves the welfare of the common people. Every country has to adopt capitalism in its own way, or end up like the PRC.