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-   -   The prediction of Bitcoin in 1997 from the book "The Sovereign Individual" (https://gfy.com/showthread.php?t=1342116)

D Ghost 02-18-2021 01:47 PM

The prediction of Bitcoin in 1997 from the book "The Sovereign Individual"
 
https://i.imgur.com/XsRK6f4.jpg


Great read btw: https://www.amazon.com/Sovereign-Ind.../dp/0684832720

CaptainHowdy 02-18-2021 01:53 PM

There should be a cybermoney (cryptocurrency) political party then ? ?

D Ghost 02-18-2021 02:02 PM

Quote:

Originally Posted by CaptainHowdy (Post 22823873)
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/

CaptainHowdy 02-18-2021 02:28 PM

Quote:

Originally Posted by D Ghost (Post 22823884)
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.

ruff 02-18-2021 04:42 PM

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.

lezinterracial 02-18-2021 05:44 PM

The way Elon Musk and Jack Dorsey push bitcoin, They don't have the right to talk to us about energy conservation ever again.

https://i.imgur.com/tIm9wKk.jpg

jscott 02-18-2021 11:01 PM

Quote:

Originally Posted by lezinterracial (Post 22824000)
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. :thumbsup

PornDiscounts-V 02-19-2021 12:23 AM

Aren't the poor the only victims of inflation anyway?

jscott 02-19-2021 12:29 AM

Quote:

Originally Posted by PornDiscounts-V (Post 22824125)
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

D Ghost 02-19-2021 10:33 AM

Quote:

Originally Posted by jscott (Post 22824112)
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. :thumbsup

:thumbsup

D Ghost 02-19-2021 10:33 AM

Quote:

Originally Posted by jscott (Post 22824128)
Yep, and sadly it seems like they're the ones who support inflation the most

Exactly, a sad irony.


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