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0 sats \ 2 replies \ @faithandcredit 14 Feb 2024 freebie \ on: CoinGrinder got merged last week and will ship in Bitcoin Core v27.0 bitcoin
bitcoin is not immune to the social decay that is happening particularly in the west. CoinGrinder is an example of such?
the fairest tax rate is 10% but once you allow for that 10% tax you will eventually be paying much more.
The danish social policies are a bait and switch and the effects are not known yet. But i think its safe to assume the country will end up poorer than Venezuela sooner or later. They just have much more wealth and human capital to squander than Venezuela did.
We will experience a Libray of Alexandria moment again. The library had so much knowledge but it burned down and it was lost and had to be learned and written again from scratch. Same thing will happen with the internet. We have almost unlimited amount of information and knowledge available at our hands. But the internet will shut down sooner or later. Energy policy + the will and talent required to maintain the internet and its servers is going down for a number of reasons. It is what it is.
Last but not least Oil was first discovered about 120 years and we already used most of it it seems.
Sometimes i wonder if the concept of a king is misunderstood. The crown and the throne makes it seem as if its all about him. But what if the king never received his throne and his crown without dedicating himself to the people around him. Everything he does is not for himself its for the people around him. And thats why they gave him a crown and put him on a throne.
We need to be specific to find out if the economy needs migrants. Who specifically benefits? What are the pros and cons? Usually people act like the economy needs something when in reality its just something They need or They benefit from at the cost of everyone else.
bitcoin is starting to show its real face. just a pump and dump fueled by fomo?
Post halving in a couple months hashrate is probably going to decrease significantly, which will set the trend for the following halvings and it is no longer defensible for bitcoin to have a trillion dollar market cap it seems. The people who "invest" now have no idea about this and those who do are going to sell soon :)
Michael Saylor is not as smart as he appears.
- Sets an example nobody can follow
- If BTC will become a world reserve asset you would never need more than 1 since there is less than 21 million in total.
- He doesn't seem to have the patience to wait for a dip to buy even tho hes supposedly long term bullish
What am i missing? :)