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0 sats \ 1 reply \ @expatriotic 9 Feb \ on: Bitcoiners have Somehow, Unfortunately, Lost the Plot bitcoin
So... Haven't read it all yet because, holy shit, very long. But just an initial thought based on reading The Creature of Jekyll Island
So either the government "prints all the money" causing hyperinflation (like in Weimar, Germany)
There is no money.
The head of the fed 50-60 years ago said, if the US government paid off all it's debt, the base money would disappear. There IS NO MONEY. The taxes collected are a ruse to help obfuscate the fact that the government ALREADY has access to as much money as it desires.
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0 sats \ 0 replies \ @028559d218 OP 23h
The government spends too much, wastes too much, and can 'print as much as they like'.
That's why "smart people" and "investors" (quotation emphasis added) don't save in fiat it is a scam.
They save in assets - bonds, gold, stocks, real estate... and now Bitcoin. But even Bitcoin itself is a product of energy which can't be said for 99.9% of crypto.
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