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12 sats \ 6 replies \ @jeff 15 May 2022 \ on: Daily discussion thread
I read this essay on "Vanishing People". It's a summary of the fertility/demographic trends across the globe -- and it's pretty dark.
It made me wonder what Bitcoin's role will/could be. Both are trends at the same horizon.
Feels unavoidable that fiat deficits and printing are structural for the next 100 years.
Could Bitcoin be used as an escape?
I had a hypothesis that, if you timed it right, and incentivized it correctly, a Bitcoin-only economic region could gain economic power equal and opposite to the decline of other global economies. Basically, use the new-hope-like effect of learning about Bitcoin, and the fact that it's legit sovereign, to rebuild in parallel instead of waiting for some collapse that will probably feel more like back-to-back shit-sandwiches with a side of money-printing-based can-kicking salad.
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12 sats \ 3 replies \ @cryptocoin 15 May 2022
It made me wonder what Bitcoin's role will/could be.
If it plays out like in the movie Children of Men, bitcoin would be the money of the fugees (refugees), since it becomes illegal to hire, buy from, or otherwise financially (or physicall) support them. Not sure about how some details would work -- the fugees have their phones and valuables taken by security forces or when they enter the gates. Essentially the fugees get "deplatformed" from the economy, like having a social credit score of zero.
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0 sats \ 2 replies \ @cryptocoin 15 May 2022
This info is often in Peter Zeihan's analysis, speeches, and books/articles -- when he's not analyzing a war underway, at least.
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0 sats \ 0 replies \ @cryptocoin 16 May 2022
Doh! Wrong thread, sorry!
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0 sats \ 0 replies \ @cryptocoin 16 May 2022
Doh! Wrong thread, sorry!
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20 sats \ 0 replies \ @DarthCoin 15 May 2022
Bitcoin is financial sovereignty, is the way each individual can break the chains of state slavery an became a sovereign individual, NOT depending on state to feed, protect, educate him.
For many this is fucking scary, because all their life they had "somebody" to protect them and now is hard to understand that in order to be really free you need to take care of yourself and not be a burden for others.
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0 sats \ 0 replies \ @cryptocoin 15 May 2022
It made me wonder what Bitcoin's role will/could be.
If it plays out like in the movie Children of Men, bitcoin would be the money of the fugees (refugees), since it becomes illegal to hire, buy from, or otherwise financially (or physicall) support them. Not sure about how some details would work -- the fugees have their phones and valuables taken by security forces or when they enter the gates. Essentially the fugees get "deplatformed" from the economy, like having a social credit score of zero.
reply