Community Trust ScoreVerified
Dan Held stated that Bitcoin is the killer blockchain application; it feels like it’s ready for a breakout.
With the 2008 financial crisis, the trust had been lost in a world that ran on trust. So Bitcoin was launched in a time of absolute necessity; Satoshi planted the seed at precisely the right moment.
The world has an unlimited supply of fiat to buy a limited supply of 21M Bitcoin. So it’s risky not to own Bitcoin. Steal $20; it’s a crime. Steal $20 trillion; it’s called monetary policy.
Dan Held has published a newsletter on “Mental Stress and HODLing,” covering the basics of HODLing, stress management, and how to develop.
Talking about Bitcoin returns: YTD: 50% 1 YR: 275% 5 YR: 7,500% 10 YR: 410,000% Bitcoin is one of the greatest performing assets of all time.
Dan also stated that the Government steals part of your paycheck, prints unlimited money, and has $28T of debt Bitcoin, fixed monetary policy, no counter-party risk, completely in your control. The choice is easy.
Given that, what social responsibilities should Government have? And what are the citizen’s responsibilities? We wouldn’t need Bitcoin: If we could trust banks; If we could trust people; If we could trust the Government, but we can’t. That’s why we need Plan B.
Community in response to Dan Held Advocacy were like: Do you ever stop? Because please don’t.
What really makes me laugh is the debt that the entire world is in and continues to pay. When you just step back for a second, the con is so apparent.
Interesting fact: if everyone paid their debts, there would be no money left in the world. All fiat money is created out of debt. Pay off the debt, and you eliminate the money. There is no money in a fiat monetary policy without debt.
Steals part of your paycheck because wealth polarization is destabilizing for societies. Unstable society = lower quality of life for all, no matter how many ‘units of money’ you HODL. Make sure you HODL, but taxes aren’t bad, as long as they are evenly applied.
Everyone in the world needs to know what ‘stacking sats’ means as soon as possible. And those who are at the top of the pyramid, those who look from above, are not happy about it. Because the complete control mechanism with of money is about to slip out from their hands.
Regardless of how much revenue is collected, they are still printing a huge portion of expenditures above revenue collected. Why collect taxes at all if we are hell-bent on destroying the money? Make Government Boring Again.
