Dave W

Economist Steve Keen says Bitcoin will go to zero because it uses too much energy. He also admits he was offered Bitcoin at £1 per coin and didn't buy it. The man predicting zero has been wrong since the beginning.

SEC CHAIR ATKINS: WE WILL PROPOSE ‘REG CRYPTO’ FOR TOKEN FUNDRAISING SOON UNDER ‘33 ACT, WILL BE OPEN FOR COMMENT ATKINS: WILL SOON HAVE “INNOVATION EXEMPTION” FOR USE OF DEFI UNDER ‘34 ACT

Just stop, we all know your scam. >Democrats raise taxes. >Money flows to NGOs packed with Democratic operatives. >Those operatives take their cut, write a check to Democratic campaigns > Report back that the problem still exists and needs more funding. If you fix the problem... the money stops. So nothing ever gets fixed. The money vanishes into a network of nonprofits and nobody goes to jail and nobody loses their job and then freaking YOU go on X and point at billionaires. You doesn't want to fix anything. Fixed problems don't generate donations or fund your life... If you wanted to fix the problem you'd care about the fraud, BUT YOU DO NOT. That's how I know you're lying.

Without the workers there is nothing Without billionaires there is simply more to go around

Over the 17 years since Bitcoin was created, how many critiques have come from someone with a shitcoin to sell - a shitcoin that conveniently improves upon the same aspect of Bitcoin that they feel falls short? We needed bigger blocks? Smart contracts? Better privacy? Faster throughput? Proof of stake? Less energy use? We needed to support ICOs or be an NFT platform? How many of those were just salesmen trying to sell a shitcoin that went to zero against $BTC like everything else? Even dyed-in-the-wool shitcoiners like Voorhees will admit to at least 99% of crypto being scams and fraud. So you see, reflexively dismissing arguments from anyone who has a shitcoin to sell is a pretty solid heuristic, because (even shitcoiners would agree) it works at least 99% of the time. Given that there are upwards of 20,000 shitcoins, it’s probably more like 99.99%. Perhaps zcash is more than just a scammy penny stock to cash in on. I wouldn’t bet on it. I wouldn’t take the other side of a 9999:1 bet on anything. We have a word for people like that: we call them poor. And stupid. Because a simply as a matter of epistemology, there are few heuristics - fuck there are few ways of knowing anything at all - that exceed the utility of simply ignoring everything that someone has to say if they have a shitcoin in their Twitter bio. There’s a danger of being the shitcoiner who cried wolf here. Because after almost two decades of shitcoiners telling Bitcoiners that Bitcoin was broken and needed to change - and being wrong about it - quantum might actually be a wolf that needs to be confronted. And unfortunately, given the complexity and opacity of the threat, most people will be assessing what is being said by who is saying it, and the only people they’re going to listen to are the people who have been right all along about Bitcoin not kowtowing to the latest shitcoiner FUD. So yes Eli, while I think what you’re saying here might have some merit, I think you’re actually harming progress by saying it. Because people who need to take it seriously will be less - not more - likely to take it seriously when it’s being promulgated by someone with a shitcoin in their fucking Twitter bio. Selling shitcoins might make you some money, but it comes at the cost of your credibility. Perhaps you don’t think it should be that way. But that’s the way it is.

Perfect.

New York City spent $81,705 spent per homeless person last year. Meanwhile, the household median income was at $81,228, per Newsweek.

Elon Musk has 6.5 MILLION times more wealth than the typical American. It’s time for a wealth tax — billionaires must pay their fair share.

I member.

Although the average person doesn’t understand economics very well, he does understand that some people are getting rich without producing anything. In today’s US, a certain class of people have gotten rich because of inflation (theft), not production. How so? They’re wired to the government and the Fed. When fiat money is created, it goes to them first and in the largest amounts. The average guy doesn’t benefit from trillions of government spending. The “elite“ and members of the Deep State, however, benefit immediately and directly from fiat currency creation. The broad public suspects a theft is going on. They just can’t quite figure out who the thieves are. So they blame the producers. Which suits the government perfectly; they can “step in“ and pretend to be the hero. A society based less and less on production and more and more on the theft of pre-existing wealth inevitably becomes a Hobbesian warzone of all against all.