Uncensorable money

Bitcoin is uncensorable, because assets can be confiscated.

“Hong Kong Freezes Listed Shares of Media Tycoon Jimmy Lai Under Security Law”
https://www.theepochtimes.com/hong-kong-freezes-listed-shares-of-media-tycoon-jimmy-lai-under-security-law_3816170.html

Bitcoin is perfectly scarce, because intentionally or unintentionally trusted institutions dilute the purchasing power of their money.
print-icon

“Fed Goal: Destroy 26% Of Dollar's Buying Power In 15 Years”

https://www.zerohedge.com/economics/fed-goal-destroy-26-dollars-buying-power-15-years

Sound money is not meant only to be earned and spent, but also to be held (without losing value).
Location: Hong Kong

Comments

Post a Comment

Popular posts from this blog

You work for Bitcoin

You work for Bitcoin. Whether you like it or not, believe it or not, you do. Bitcoin is value the way meters are distance. You can say, “I don’t use meters, I use inches/feet/yards.” Or “I don’t use Bitcoin I use dollars.” But if you run a marathon you run a certain amount of yards, and a certain number of meters, regardless of which measurement system you prefer to use personally. So, if you work in exchange for value, you are working for a certain amount of bitcoin, regardless of whether you denominate your value in Bitcoin or dollars. Similar to the metric system, Bitcoin is a measurement system, but it measures value instead of distance.  And you work for value, whether you decide to store your value in a dilute-able political unit or a unit with finite scarcity that cannot be altered. Store wisely.
Read more

Government coercion

There is a saying, “Guns don’t kill people, people kill people.”  This demonstrates that personal responsibility and mental health are more critical to gun violence prevention than banning firearms. Similarly, Bitcoin is voluntary and does not coerce people. However, governments coerce people every day. For example a government may mandate Bitcoin acceptance. If you take issue with that, your issue is not with Bitcoin, but with government. Bitcoin doesn’t coerce people, people coerce people.
Read more

End of democracy

“I believe we are witnessing the end of an era, the era of bourgeois democracies with their constitutions, their parliaments, their rights, the separation of powers. The democratic guidelines… had been in critical condition for the longest time. For some time, the… government had been issuing decrees for the longest time instead of parliaments. The legislative function is held by the government as things stand, and still not by the parliaments. The state of emergency is the mechanism, history teaches us, by which democracies become totalitarian states.” -  Giorgio Agamben, August 2020 https://m.youtube.com/watch?v=867_5upU55o
Read more