MultiversX Tracker is Live!

For the new BTC wannabe Maxi's, welcome aboard.

Bitcoin Reddit

More / Bitcoin Reddit 118 Views

Here's part of the thesis:

Bitcoin is open source. It’s decentralized. It’s free market. It trades globally 24/7. It’s permissionless. Its distribution is fixed and predictable. It’s pseudonymous. Verifiable. It’s impairment resistant. It’s a store of value, a currency, and a central bank, in one singularity. It’s full-stack is sophisticated, impossibly simple, beautiful. We can thank the 20 years of work from the cypherpunks that gave us encryption.

One of the major tenants the well read maxi's preach is that as money is separated from State, the political class gets demonetized globally. This means their ability to make war is over. The military industrial complexes collapse, and all the energy, money, and resources spent there can get redistributed. This is bitcoin's vision of wealth redistribution. The hope is borders fall a bit, and tax levies are impaired enough that only projects of value with transparent accounting get the cut. The hope is because BTC has a habit of appreciating in value, consumer's time preferences get longer, and gone is the mindless nonsense consumerism, and this combined with deflationary pressure of the asset, not only keeps consumer prices equitable, but allows someone working even a menial job the ability to store their work energy in an asset that won't depreciate.

So as the internet, blockchains, remote work, and the proliferation of English compose, the centers of power start getting distributed away. It's no longer a world that can even house dictators, or finance surveillance states or afford large scale corruption anymore. Lots of power gets returned to the people and maybe here we unlock our collective value.

I'm of the belief as well, that bitcoin lengthens people's time preferences, and does away with their mindless consumerism. Saving money, and having that money maintain its value from 1-5 years or even appreciate, will completely change people's minds and discipline. It's the mindless consumerism which has destroyed the environment and leads to climate change. Nobody will admit that though? It's the mad inflating dollars promoting this. Gov't has to give away dollars in Student Loan Forgiveness, how else can our young adults have a good time? They are lost in the black stuck hole of fiscal irresponsibility. Growth, growth, growth, how else can you outpace inflation? Spend that shit the moment you get it or start losing the moment you don't.

This is a crucially overlooked aspect of bitcoin. And since we run on 4-year election cycles, where the hell are you going to find the political capital to do the right thing and say party is over, we can't promote this growth and have a planet too. I can't keep spending trillions for my legacy and hand the bag off for the next President to do the same thing

Lastly, bitcoin mining is what will promote green energy to reduce its own liability, and capture energy waste. But mainstream talking points move in 24 hour cycles and innovation takes longer than that type of patience.

Cheers

submitted by /u/pazsworld
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments