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Old 02-18-2021, 01:47 PM   #1
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The prediction of Bitcoin in 1997 from the book "The Sovereign Individual"




Great read btw: https://www.amazon.com/Sovereign-Ind.../dp/0684832720
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Old 02-18-2021, 01:53 PM   #2
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There should be a cybermoney (cryptocurrency) political party then ? ?
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Old 02-18-2021, 02:02 PM   #3
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There should be a cybermoney (cryptocurrency) political party then ? ?
The individual will be the new political party, as the traditional parties and nation-state forms will continue to decay to a minimal size. But not easily. The leviathan of the nation-state will fight for its life.

Here's what happens when a gov't TRIES (because you can't actually) to ban Bitcoin. It trades at a significant premium...

Nigeria Crypto Ban: Bitcoin Sells for $76,000 as Deposits on Centralized Exchanges Plummet
https://news.bitcoin.com/nigeria-cry...anges-plummet/
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Old 02-18-2021, 02:28 PM   #4
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Originally Posted by D Ghost View Post
The individual will be the new political party, as the traditional parties and nation-state forms will continue to decay to a minimal size. But not easily. The leviathan of the nation-state will fight for its life.

Here's what happens when a gov't TRIES (because you can't actually) to ban Bitcoin. It trades at a significant premium...

Nigeria Crypto Ban: Bitcoin Sells for $76,000 as Deposits on Centralized Exchanges Plummet
https://news.bitcoin.com/nigeria-cry...anges-plummet/
Stirner's "Union of Egoists". As a romantic anarchist myself that would be fun to watch.
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Old 02-18-2021, 04:42 PM   #5
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This article fails to address the fact that money, any kind of money, leaves a trail. Whether a government uses fiat or crypto, one or the other will always be the coin of the realm. Any transaction requires a minimum of two entities. To defraud requires two crooks which is about right and nothing new. But any other transaction with two individuals where one is legit and the other is not, will not bode well for the illegitimate one if the government comes sniffing around at tax time. So there will be as much control over crypto as there is fiat. They won't be coming after me just yet, but they will, they always do.
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Old 02-18-2021, 05:44 PM   #6
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The way Elon Musk and Jack Dorsey push bitcoin, They don't have the right to talk to us about energy conservation ever again.

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Old 02-18-2021, 11:01 PM   #7
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The way Elon Musk and Jack Dorsey push bitcoin, They don't have the right to talk to us about energy conservation ever again.
They are into Bitcoin partially for energy tech & conservation. You've got it backwards.

Highly recommend you learn about Bitcoin and green energy, especially from Nic Carter
https://www.coindesk.com/the-last-wo...gy-consumption

Elon said years ago he likes Bitcoin but couldn't support BTC bcos of it's energy consumption, he obviously learned a lot in the last few years.
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Old 02-19-2021, 12:23 AM   #8
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Aren't the poor the only victims of inflation anyway?
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Old 02-19-2021, 12:29 AM   #9
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Aren't the poor the only victims of inflation anyway?
Yep, and sadly it seems like they're the ones who support inflation the most
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Old 02-19-2021, 10:33 AM   #10
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Originally Posted by jscott View Post
They are into Bitcoin partially for energy tech & conservation. You've got it backwards.

Highly recommend you learn about Bitcoin and green energy, especially from Nic Carter
https://www.coindesk.com/the-last-wo...gy-consumption

Elon said years ago he likes Bitcoin but couldn't support BTC bcos of it's energy consumption, he obviously learned a lot in the last few years.
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Old 02-19-2021, 10:33 AM   #11
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Yep, and sadly it seems like they're the ones who support inflation the most
Exactly, a sad irony.
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