Before 1900, humans burned wood, straw, and charcoal for most of our energy generation.
But by 1950, fossil fuels provided 75% of useful energy.
Since then we've built our entire modern world on top of cheap, energy-dense fossil fuels. What happens when we take them away?
1/ I come to the conclusion that the extreme bull and bear markets of bitcoin are a feature and they speed up the adoption process.
Thread inspired by @BitcoinTina
Contemplate Western culture in our time:
1) Carbs vs red meat
2) Sunscreen vs tanning
3) Alcohol vs nicotine
4) Porn vs retention
5) Big Pharma vs natural health
6) Injections vs natural immunity
7) Medieval energy sources vs modern nuclear & hydrocarbons
We're at the dawn of a new age.
For the first time in history, humanity can organize around a monetary constant. Finite digital money will change the basic human experience.
Fire -> wheel -> printing press -> electricity -> Internet -> #Bitcoin
If Bitcoin works, it obsoletes central banks. This is the most economically & politically significant development happening anywhere today. If you're being distracted from that by people selling centralized securities pretending to be decentralized or jpeg receipts, you are #NGMI
There are many currencies in the world today. Why do "stupid Bitcoiners" think only #Bitcoin will win, and be the only money?
Well, this is an excellent question with an excellent answer available: (1/11)👇
This is what I don’t get. Many non-Muslim Bitcoiners point out very well the evils of Ribaa and how the cantilianairs use the Ribaa system to take control of everything, but they don’t take a firm definitive stance against Ribaa as a whole.
https://t.co/pML31rQk2k
When a Muslim wants to make a significant investment, like a business, an education, or a house, they have a choice: either take out a loan, or save up the required capital. Either choice puts the Muslim in a dilemma as they strive to keep their wealth ‘halal’. 🧵
Taxes in islam
1/It has been said to me a few times after my previous post that a Muslim ruler can stipulate taxes on a Muslim nation if certain conditions are met. This idea is generally in opposition to the fundamental idea of islam that money cannot be taken without an…
ɪʙɴ ᴋʜᴀʟᴅᴜɴ’s ᴛʜᴇᴏʀʏ ᴏғ ᴛᴀxᴀᴛɪᴏɴ
Summary : High taxes are bad & against what is proscribed by Islam. Low taxes are good because it encourages entrepreneurship which results in benefiting society. High taxes lead to the eventual downfall of Goverments.