Someone just asked me what I do for work, and I told him I work on Wall Street, because I do. They then proceeded to ask me what I recommend someone young invest in, and I shilled him bitcoin for 5 mins.
Hope he takes some of what I said to heart and looks into BTC tonight
It’s crazy how many people still don’t understand, and actively fade, bitcoin
Fiat currency has fried about 95% of the population’s fundamental concepts of money
@danheld "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
The lack of financial education is purposeful
The lack of companies in America selling optimal metal seed back up solutions for bitcoin is appalling.
I think I know what my next side venture will be. 👀
If you want to have a true say in a proof of work consensus system, then umm idk… maybe prove some work??
Real work is real power and influence. Nodes are governance.
That’s the lesson behind BIP110.
If you purchased bitcoin but are unable to move it around on the blockchain yourself, you got scammed, played, and lied to.
Not your keys not your coins.
This is getting pretty insane,
look at this,
You pay a plumber $100.
After tax, the plumber keeps $70.
The plumber pays a house cleaner $70.
After tax, the cleaner keeps $49.
The cleaner pays a delivery driver $49.
After tax, the driver keeps about $34.
The driver pays a mechanic $34.
After tax, the mechanic keeps about $24.
The mechanic pays a server $24.
After tax, the server keeps about $17.
Keep repeating the process.
Each time the money moves, more gets taxed until the gov has collected nearly the whole original $100.
oh and now introduce money printing / inflation...
we are getting close to another tea party if you ask me
Prices go up when the money you are using becomes less valuable and desired in comparison to real goods and services.
Most people incorrectly think rising prices are a result of merchant greed.
The most important news event today is how a group of unelected officials arbitrarily decided the fate of the US dollar.
Think about that for a moment.
Wall Street is already calling for an “AI Winter” lmfao.
Turns out a lot of these LLMs are pretty useless, and are harder to monetize than anticipated.