I thought I was totally orange-pilled on Bitcoin.
Until I went to McDonald’s tonight.
Nothing will slap the fiat out of your bloodstream faster than standing in line at 10:47pm behind a woman in Looney Tunes pajama pants, yelling into her iPhone 6 about “SNAP benefits not hitting.”
The kid next to her is mainlining Hi-C Orange, and her boyfriend - tattoo of a melting Spongebob on his calf - just traded two loose cigarettes for an extra McDouble.
The air smells like fryer oil, broken dreams, and the ghost of the middle class.
The cashier, wearing a paper hat so limp it looks like a banknote from Argentina, just asked if I want to round up for charity, as if my $19.14 order for “value” food isn’t already a war crime against my wallet.
The McFlurry machine is “down” (it’s always down), but there’s a 72-inch Samsung blasting Fox News reruns over the sound of a toddler coughing up a quarter-portion of French fries.
Some guy is FaceTiming in the bathroom, arguing with his parole officer.
Meanwhile, I stare at the Monopoly stickers on my tray, little reminders that fiat was always just a game for the house.
Bitcoin fixes this?
Buddy, Bitcoin is the only escape hatch from this cosmic simulation of fiat hell.
And it’s only when you see Ronald McDonald in a haze of neon, hawking 1400-calorie death-burgers on credit, that you realize:
Fiat is already hyperinflated.
We’re just living in the grease-stained afterglow.
@brumbitcoin Yes. Slightly worse cause I sold some corn, and kept in fiat savings to show proof of deposit. When I told them the source was sale of BTC, I was asked way too many follow-ups to entertain them any further.
@elonmusk Financing in UK is a joke for high-earners who just moved to the country with no prior address history. Forced me to pull the plug on my purchase despite owning two Tesla’s that I love.
People see whats on the surface, but rarely understand the reasons behind it.
Most Indians who are unbiased and objective can look around and see that almost everything is in some form of collapse economically.
And almost all economic problems can be traced back to government interference or government misallocation of capital in some form or the other.
But what people miss, is that you need to go one step further than that.
The reason the government CAN interfere or misallocate capital in the first place, is because they control the ledger.
Its not the main reason, or part of the reason.
Its the entire reason.
The ledger is the tool by which governments wage wars. Its the tool by which governments tax their citizens into oblivion. Its the tool by which governments interfere in and destroy free markets. Its the tool by which recessions are created. Its the tool by which inflation is created. Its the tool by which poverty is created. Its the tool by which entire industries are destroyed.
When everything around you is collapsing, you can't fix each and every problem individually forever.
When everything is a problem, theres typically one problem.
Every problem your seeing is a symptom of that deeper problem.
And that problem is the State's unilateral and monopolistic control of the ledger.
When you democratise control of the ledger, when you commodify the ledger, the governments ability to fuck things up drops to almost 0.
Fix the money. Fix the world.
@rajatsoni I’ve started doing this too, but I can’t figure out how to close the loan? Or if I even should? Like what’s the optimal exit strategy assuming/knowing BTC will only appreciate in fiat terms?
@Cole_Walmsley Would love if you could share how exactly you live the bitcoin standard life day to day? Sell for fiat purchases? Or borrow against? Or some other way?
The official rate of inflation is 3%, or some other made up number.
In unrelated news, Wetherspoons have completely withdrawn steak from their menu & replaced it with "gourmet burgers".
This RELENTLESS degradation in quality is caused by central bank monetary debasement.