If we are going to be unbiased, we should account for the fact that fiat jobs are also a sham. Jobs are shams because any profitable venture chooses capitalizing on labor rather than funneling profits back into the company. As long as labor doesn't exceed materials, they get to keep their profits. This is why owning a company is better than working for a company. You will never get what you're worth from working to build someone else's dream.

I invite you to read this thing I wrote. My layman attempt at bridging quantum mechanics with relativity. it's here>> #885880 The end parts address your question in great detail.

Let's not leave out the other dumb stuff, like:

The dumbest sh# I learned recently though; that y'all might already know and many may think its a good thing.... I used to think NGU meant Bitcoin was winning, and Bitcoin seemed absolutely impervious to the unending barrage of various attacks of all kinds and magnitudes, but..... It would appear these attacks may not have been targeting Bitcoin to destroy it. From the perspective of a well established banker, that would be not only impossible---as i stated a moment ago---but also unnecessary. They've been attacking, and all but completely destroying, the only part of Bitcoin that threatens them. So Bitcoin is now firmly anchored in "store of value" with no tangible or even fleeting glimpse of the possibility of becoming a "medium of exchange". Having this aha moment was most non-non-heinoue.

Some businesses and services may preemptively increase their prices upon learning of the day and hour these payments will occur, but at $5000, the proportional adjustment would be very small. Not really worth the trouble.

Money supply increase is the only thing that causes inflation

Many of the things the president has done since the election have had explosive effects on the US dollar purchasing power, namely the tarriffs. More domestic production and export leads to a stronger dollar.

I really don't think our government has been honest with us about their money printing. I think they print it whenever they want more of it.

I remember when minimum wage was $3 an hour. If you ask anyone in government they will tell you inflation is not a bug, it's a feature.

The turnings are happening continuously all the time in various places. Somewhere in the city, strong men are making good times, and elsewhere weak men are making bad times. Meanwhile, somewhere in the world, good times are making weak men, and elsewhere hard times are making strong men. There is no global turning, only local.

Being given a number to count down from it's terrifying. Suddenly everything you may have had planned for the rest of your life has to get crammed into one year, so naturally some stuff is gonna come flying out from the sides. Might need to cut come things to prevent your camel from bulging as you pass through the needle. I would be reading Bibles, bhagavads, talmuds, korans, talking to Palm readers, calypso make sure im right with Papa Legba, etc. And maybe somehow do it in a way that i can keep stacking because i want my kids to have more than they need to get through life and get more than their kids need.

Wow, I never realized that Trump is a convicted criminal! You've helped me see, i couldn't before, you had to say that twice though, and now I get it! Now I totally understand why there are tampon dispensers in the boys restroom at the middle school my son no longer attends! I can see clearly now that there should be maximum benefits for asylum seeking illegal migrants, even more than American citizens! It's like you are Jesus!

Using this kind of language to define someone who has done their time does not account for their full humanity or leave space for the growth that can and would take place without it. Shame on you for spreading such hate!

He's already done a thousand times more in a couple months than his predecessor did in four years!

Also, again, profiteering implies goods in short supply. Shitcoins are not in short supply. And neither are weak and stupid people. I'm outnumbered everywhere I look.

If so many people believe he is a 'criminal', why is he not locked up?

Anyone dumb enough to think pumping someone else's bags is going to make them rich deserves to be broke.

They being said, people need to quit foghorning "Trump is a convicted criminal". There is so much evidence in your face now that his entire experience with the indictments and the NY judge was an absolutely shameful display of backfiring political bribery, and weaponized judiciary to have ever taken place. Get over yourself.

And I think it's been said here already, but profiteering implies there are goods in short supply, which meme coins are certainly not. Shitcoins are the modern apex predators, and thousands upon thousands of the weak and stupid fall to them daily.

It's a dog-eat-dog world, no pun intended.

Riddle me this: If Trump is a convicted criminal, why has he not been imprisoned?

I'll go far out and say those people aren't the votes they need to go through with it

As if we needed another reason to completely ignore the failed liberal hidey-hole.

1920s New York. As an Italian, I feel like this is the time when I was supposed to be coming of age. Pretty sure I would run the show, knowing the things I know now.

Vitalik has called for a vote on rolling back the ledger, which sort of takes care of the centralization claims. At least it creates a smoke and mirrors decentralization environment. While the shitcoin extravaganza should absolutely die, it will not. So long as gullable saps are squeezed into life, so shall the used car salesmen with some small variation of the oldest trick in the book to take them for everything they've got...

BCH ship has sailed, course charted for iceberg.

Same fate as everything else because you can only discover something one time, to put it strongly.

There are many different developers around the world who regularly convene online in various forums to work out ways to improve Bitcoin, and thus far there have been four augmentations. P2SH, RBF, SegWit, and Taproot. All were implemented after 95% consensus among miners. None of them alter Bitcoin's core foundation, which is what the block wars were about.

Gaven Andresen wanted to increase transaction throughput of the network by increasing block size. The proposal was popular, because 'medium of exchange' seemed more realistic that way. So they tried it out with 750 block countdown before experimental fork.

Adam Back disagreed with this schedule citing security concerns.

Firstly, everyone who had, we'll say, 5 bitcoins, at the time of the fork automatically had 5 BCH. This was not OK. They rolled with it.

Second, since there was so much infighting about it, in November 2017 the quintessentially democratic body of peer to peer nodes placed the decision--between three different proposed blocksize modification forks implemented via mining software clients (Releases G thru H of Bitcoin XT, a.k.a. Bitcoin Cash)--directly in the hands of the collective hashpower that would be continuing with one of them as Bitcoin forevermore....

All three software clients attempted to increase transaction capacity of the network. None achieved a majority of the hash power. And just like that, BCH is a filthy ICO shitcoin. Queue other idiots to do it two more times with Bitcoin SV and Bitcoin Gold. Three more times if you count BCH forking their own fork to print more money with their XEC clown show.

One of the greatest examples of the superiority of open source technology versus proprietary stagnation the world will ever know. Tick tock, next block.

The day the Bitcoin white paper was posted, something miraculous happened.

Satoshi Nakamoto--whoever he is doesn't matter--did not just create or invent Bitcoin. This is Bitcoin as rationalized to represent the portion of "crypto" that includes any forks and clones, as you've described.

At this point today, it's neither here nor there.

What matters is not the thing detailed in it (peer to peer electronic cash system) or it's purpose to give people an alternative to traditional banks (peaceful revolution against money printers) but rather the cryptographic tabulation of a finite money (applied scarcity) to represent the entire planet's body of value. Be it commodities, real estate, hard assets or services. And it's the very transactions performed within it that comprise the funged portions of this money as well as it's security. The genius of this is extraordinary and widely underassessed.

It's a discovery, really. Not just a clever invention.

Far greater than the invention of the world's first perfect money is the discovery of true scarcity. Clone and fork all you want, Bitcoin will always be Bitcoin. And none of the clones or forks will ever be Bitcoin.

This is because no imposter can prove that it's been cryptographically processing transactions since 2009 or before with 100% uptime, more failed attempts at hacking than there are days between now and then, zero successful attempts, inmune to 51% attack, etc.

In my studying, only one thing could bring about it's failure. Ok, two things.

If someone spent coins from the initial million minted in the beginning, Bitcoin would fall like an anvil straight down by the end of the day. Or if someone invents a working time machine.

So long as that never happens--and it's a legitimate fear that anyone placing investment of any kind in it should have--Bitcoin will continue to stand as an immutable rock in the typhoon of swindelers and slavers that swirls around it.

It's a legitimate fear, but as you say, I'm very optimistic that it never will happen. Not because I'm believing in humanity to have a good enough heart--i know damn well if doesn't--just that i think one human could be selfless and stupid enough to swallow the key to such an immense mountain of wealth upon realizing that it might actually save mankind from the thralls of modern slavery.

no worries

I can't really roll with this assessment, as it fails to take into consideration the fact that Bitcoin is the only asset of the entire universe of assets that is truly scarce. The problem we are running into isn't divisibility, it's really just that we are so early, because hardly anyone is even aware of such a concept as scarcity and how intricately it Is involved in the fundamental economic landscape. The scarcity of Bitcoin is s it's superpowet that the sycophants of fiat hate so much. A bitcoin world means they might and their family might actually have to work for their taking, instead of printing it, which effectively enslaves everyone who doesn't have a printer.

:) https://earth.nullschool.net/about.html

Bitcoin thankfully doesn't care what he or Saylor says or does. There's new evidence of this roughly every ten minutes.

People will govern themselves to the extent that they begin to form separate tribes. This is what nature has shown us. Authority is respect, if you think about it. It is either given or taken. Those who give it, will receive it. Those who take it will have it taken from them.