Call me crazy, but I think parents should determine what their teenagers do online rather than the government.
And that governments shouldn't use system-level ID checks to identify and monitor everything.
@BitcoinSapiens This is such a bullshit statement. BTC is structurally and economically inferior to ETH, has had more instances of immutability interferences than ETH, and it is categorically less battle tested in terms of censorship resistance.
https://t.co/MEhDYRB6Bg
So, if you become an ETH treasury you also get to be a miner for no additional cost.
Rotate your BTC bags, get a 6x return just to bring ETH up to BTC's current market cap, then generate loads of passive income from staking and never look back.
You need exactly 32 ETH to get started...
The Ethereum not ETH stuff is the mental fallacy that triggered me into writing and podcasting in the first place.
There is no strong Ethereum without an ETH worth trillions. Without ETH as a global store of value, Ethereum is a failed project. Full stop.
ETH is economic bandwidth for DeFi. It is the only asset maximized for CROPs, fail at high value ETH, fail at CROPs, fail at Ethereum.
Saying you’re bullish Ethereum not ETH is like saying you’re bullish America not the American economy. They are one and the same - economic engines.
Better to admit Ethereum is a failed project than “Ethereum not ETH”.
So spew that weak blockchain not crypto stuff out of your mouth, it doesn’t make sense for BTC, ZEC, ETH, or any truly crypto native project.
A little econ 101 for the silly socialists.
The natural state of the economy is deflationary. As humans we innovate, we become more productive so everything ‘should’ get cheaper to produce.
Well it does, everything you see getting more expensive is getting cheaper to produce but the inflation of the money supply is causing prices to go up.
So what is the mechanics of this, the two primary ones are:
1. Governments keep running deficits because democracy rewards them for lying and spending.
2. Banks create money out of thin air through lending and the people closest to credit get it first. Asset prices pump and wealth shifts toward those who already have assets.
When things go up in price, say energy due to war, this is not inflation. Some politicians say it is, but they are lying or stupid. That’s a supply shock. Inflation is always and everywhere a monetary phenomenon.
Inflation is good for the state, it wipes away their debt. The mechanics of inflation are good for the rich, because they have assets.
Inflation is terrible for everyone else - products get smaller, ingredients get worse and prices go up. It’s how companies manage inflation.
Inflation forces dependency policies so people can scrape by - minimum wage, energy caps, renters rights. They are demanded by the public.
But this the slow hollowing out of society, it is what breaks everything which is good. It puts pressure on a system which takes us from high trust to low trust.
Why do I make fun of @zackpolanski and the socialists? Because they will run this experiment on crack. The Green’s model as far as I can see is:
- Attack the productive class
- Reward the unproductive class
The problem with this is the rich will leave, the ambitious may leave and they will face the same question as both Labour and the Conservatives which is how do we pay for this? They will either have to raise taxes or borrow (print) more money, which accelerates the problem.
So we will get lower productivity, higher taxes, more borrowing and guess what, more inflation.
This is the exact mechanics which have destroyed every socialist state.
I get it, socialism sounds warm and fuzzy - nobody should go without, free stuff for everyone. But the end result is poverty and misery, as it has been every single time.
If you want jobs, good, medicine then you need a growing and prosperous economy which means unshackling the entrepreneurs.
There is no other option on the table. It is the only thing that has ever worked.
I haven’t voted in three elections. I will only vote if someone comes with a real economic plan which means a chainsaw to the state and driving growth.
The U.K. is so utterly cooked.
We’re spiralling into a socialist trap.
Those promoting it literally have no idea of the hell scape it will produce.
I’m at a loss for the stupidity of these people. They’re worshiping at the alter of a guy who sold hypnotism breast enlargement and attacking the wealth creators.
God help us.
God help those who can’t escape.
A simple message to the silly socialists.
You’re upset by businesses telling you that they will fail with the minimum wage increase. You’re telling business owners silly things like if you can’t pay the minimum wage then you don’t have a viable business.
I want to make this easier to understand, because if you mean what you say, you want people to have jobs and earn a liveable wage.
So listen, businesses fail for all kinds of reasons, mainly because they are unprofitable. We are seeing a wave of business closures at the moment because of the compounding costs from the state against a cost of living crisis.
To make a cup of coffee profitable it has to eat a lot costs:
- 20% VAT (the inputs can’t be claimed back)
- Business rates (a tax before you earn)
- Rising NI costs
- Employment rights load
- Rising energy costs
- Inflation
All these are imposed by the state.
There is also a time tax with all the accounting, HR and regularity requirements which impose cost of consultants and time costs to ensure compliance, distracting owners from operating their businesses.
Then there are the other normal costs. A business owner needs to make a profit else the business fails. If the business fails there are less jobs and lower tax receipts.
If there are less jobs then public services crumble and welfare requirements increase. This is a compounding problem and what leads to the downward spiral of a country.
So… where does the money come from if there are less jobs. The government borrows it, that increase in the money supply drives more inflation, making life more expensive for the people you want to help. Some who now don’t have the job they once had.
So what now? What is your plan? I get it, you don’t really have one, this is what has happened to every socialist state, this is how a country goes from rich to poor. We have no divine right to be a wealthy nation and can certainly lose that status.
So this is your challenge, can you accept society has a distribution of wealth which means there are rich and poor or would you rather everyone was poorer as long as there are no rich. That’s what socialists tend to want, though I have a secret for you, you can’t get rid of people being rich.
I know you think profit is ugly, but the profit motive is what creates business and jobs.
So anyway. I’m going to keep promoting proper economics because that’s how a nation becomes prosperous and prosperity leads to a net better outcome for all. This does mean I am going to have to make fun of your stupid socialist ideas.
Good luck, read a book and stop being a dumb dumb.
This post has exposed who should not be in politics or anywhere near the ballot box.
The minimum wage is a sticking plaster for the failure of the state. It was rebranded "The Living Wage" because inflation (the fault of government), has made life too expensive.
It should not be illegal for someone to want to work at a wage they are happy to accept.
Business is hard and It is the state which is killing business is right now:
1. Taxes up (state theft)
2. Energy costs up (mad energy policy)
3. Product costs up (shadow state theft)
4. Less customers (cost of living - inflation)
This is all backdoor socialism, control of the company and individual through law and taxation.
People should be rightly angry at both the Conservatives and Labour, but to think any left-wing party can solve this, I am sad to tell you, you could not be further from the truth, things will get much much worse. We are heading towards Venezuelan / Argentinian style collapse.
No nation has a divine right to be prosperous. Prosperity comes from hard work and good political leadership. We do not have good political leadership and we are killing the incentives of prosperity.
When Labour came to power July 2024 it inherited a recent OBR forecast of a £77bn deficit for 2025/26. Part of a sensible, steady downward trend in borrowing after the binge borrowing during the pandemic and the energy crisis caused by the Ukraine war.
Reeves blew up that downward trend and went on yet another borrowing binge, which is why the deficit ended up £132bn in 25/26, despite a massive increase in taxes. I see no grounds for ‘warm words’ whatsoever. Her reckless fiscal policies are why we have the highest borrowing costs in the G7.
@Cointelegraph That's because the banks know if we delay then CLARITY ACT DIES because it runs out of time.
NO MORE DELAYS! Get the bill to mark up in APRIL!
The more ChatGPT now agrees with me the more I’m conscious that it’s designed to always agree with you and build on your narrative vs actually giving sound advice.
I’m starting to dislike the app because of this honestly.
Kinda loses a lot of its value when you realize this.
Stablecoin yield has dominated media coverage of the CLARITY Act.
It matters, but it's not the only issue.
The biggest challenge is ensuring non-custodial software developers aren't misclassified as money transmitters.
That's non-negotiable for DeFi, and it's still unsettled.
🚨 $2.8 TRILLION ASSET MANAGER JUST CHOSE ETHEREUM
Amundi (Europe’s largest asset manager) has launched a $100M tokenized fund on Ethereum.
🔹 $2.8T AUM
🔹 $100M deployed
🔹 24/7 on-chain transfers
🔹 Institutional treasury + collateral
This is how capital starts moving.
Funds → tokenized
Settlement → on-chain
Markets → 24/7
Ethereum is where it’s happening.
$ETH $BMNR
the site hit today extracts 20% of the world’s LNG
i have been arguing with people here for the past few days who have assured me Iran no longer had the capability to launch highly destructive attacks on critical energy infrastructure like this anymore
due to the observation that they hadn’t fired as many missiles in recent days, a bunch of their leaders had been killed, and defenses were up at these facilities
with all due respect, all of you beating the war drums are abjectly retarded
and are sleep-walking us into an extreme global depression culminating World War 3 due to extreme resource scarcity
WAKE THE FUCK UP