I didn't receive a PPP loan. I didn't receive a monthly stimulus check, and I didn't receive the lump stimulus either.
Now look me in the face and explain how the government isn't picking winners and losers.
#Bitcoin
Trump 2016: The people opposing us are the same people who've wasted $6 trillion on wars in the Middle East. We could have rebuilt our country twice that have produced only more terrorism, more death, more suffering. Imagine if that money had been spent right here in our home. We've totally destabilized the Middle East. And if you think about it, $6 trillion and it was far better 15 years ago.
We’re in a war in the Middle East nobody asked for. Almost every major industry lost jobs in February. Gas prices are skyrocketing. And the DOJ just released files alleging that the president sexually assaulted a 13 year old girl.
This is the state of the Trump presidency.
The fiat financial system will feature increasing:
❌ Debanking
❌ Deanonymization
❌ Deplatforming
❌ Devaluation
The case for Bitcoin has never been more clear and urgent
Having armed, masked federal agents roam the streets and threaten American citizens that they're being put into a "database" and are being deemed a "domestic terrorist" for the crime of videotaping them should disgust everyone.
It's so funny seeing folks finally understand that CPI a purposely manipulated metric that doesn't measure true inflation after this was talked about constantly in BTC spaces going back to 2020.
Welcome to the party!
One thing Green's poverty line post brought to my attention is that CPI will add a new bespoke good, too pricey for most (like a flat screen TV), to the basket. Then as that good follows the cost curve down to "affordable" levels, it counteracts the "essentials", which grow > CPI
Pretty funny reading the commentary around former/ current NBA players manipulating player props and illegal gambling
Yet we have an admin taking stakes in publicly traded companies and politicians that buy options on stocks before big announcements
🤷♂️
STATEMENT: President Trump may believe he has the power to revise the First Amendment with the stroke of a pen, but he doesn’t.
Flag burning as a form of political protest is protected by the First Amendment. That’s nothing new.
While people can be prosecuted for burning anything in a place they aren’t allowed to set fires, the government can’t prosecute protected expressive activity — even if many Americans, including the president, find it “uniquely offensive and provocative.”
You don’t have to like flag burning. You can condemn it, debate it, or hoist your own flag even higher.
The beauty of free speech is that you get to express your opinions, even if others don’t like what you have to say.
I gotta say the US government taking a 10% stake in Intel $INTC was NOT on my bingo card
How in the world was this allowed 😆
We just took a page out of China’s playbook
@loomdoop@MikeBurgersburg This is not an argument against your first paragraph.
"Nvidia doesn't make anything" tips your hand, you don't know what the hell you're talking about. Both Intel and AMD would love to produce cards that perform at Nvidia's level. They can't.
That's 0.07% of global energy use (comparable to many other random industries, and often using otherwise wasted/stranded energy).
Its service is that it gives people an alternative for when the IMF comes and makes a deal with your country's govt to devalue your currency. 😉
JUST IN: Norway plans temporary Bitcoin mining ban
Let's take a look at what this means for Norway =
Firstly, here is the government's stated reason for the temporary ban:
"Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community."
~Karianne Tung, Minister for Digitalization
But we already know that the first part of the statement is misleading, and the second part is false.
In terms of power use, in places like Norway, where hydropower dominates the energy mix, Bitcoin miners have become key players in balancing supply and demand, ensuring that renewable energy remains profitable and scalable.
Much of the power that Bitcoin mining draws is hydropower that would otherwise have been wasted.
source: https://t.co/LDqC5lMTe6
Bitcoin miners in Norway are currently rewarded by the Norwegian govt for reducing CO2 because the heat they produce obviates the need for gas heating. Norway’s temporary ban removes a technology solution that Norway has recognized as decarbonizing ! source: source:
https://t.co/VQwcBuQstA
In terms of community benefit: this statement is not misleading, it is false
Firstly:
It keeps power prices low for the community. Norway discovered this the hard way when electricity prices rose 20% after Bitcoin mining was banned in one region of Norway
source: https://t.co/TUxFhi64Go
Second:
Bitcoin mining has been shown to be a technology that can help Norway, who import 70% of their food, to greater food independence - a considerable community benefit
source: https://t.co/O9ZddSJr8t
Third:
Aside from the community benefit of making energy more affordable and helping communities decarbonize, Bitcoin has been found to have considerable community benefits, both in independent reports just as this one which showed the community benefits of Bitcoin in US included creating 31,000 jobs, stabilizing electric grids due to their flexible power needs, and investing into their local communities
In real life case studies, these benefits include
employing locals, educating the workforce and even pushing down property taxes
source: https://t.co/CYOEzve3VE
Local mayor Ward Roddam called Bitcoin mining companies "deeply invested in the communities where they work" citing numerous specific examples of where they'd uplifted his local community.
source: https://t.co/byNVAcWMMK
So will Norway's temporary ban "help" the country? It depends on your definition of help. It will help Norway to maintain more fossil fuel based heat, waste a higher proportion of renewable energy, keep power prices high, while removing an important grid stabilization option.
This is not conjecture. It is what the data is telling us. This is why 16 countries who initially banned Bitcoin have now unbanned it after discovering the negative impact that the ban had
source: https://t.co/89lLmV09HH
As we can see from the charts in the link above, as the rest of the world is gravitating towards embracing Bitcoin mining as a grid stabilization tool, essential to maintaining energy security, energy stability and decarbonization goals - Norway's government's actions move them in the opposite direction.
Good luck Norway!
“Bitcoin isn’t trying anything and it knows no opponents. It has no awareness whatsoever of who might oppose it or why. It is simply an alternative; an exit valve; an opt-out. It is competing only insofar as it is proving to be a far superior alternative”
-@allenf32