|
His thoughts on Bitcoin begin at 35:42.
|
|
|
|
The glass chips he had implanted were xNTi devices which come pre-installed in syringes to plunge them into the fatty flesh under the skin. The 2mm by 12mm chips only store 888 bytes... Shouldn't it be 666 bytes?...and just one chip in the right hand, instead of one in each hand? |
|
|
|
His three books that are most related to Austrian Economics are Everyday Anarchy, Practical Anarchy, and How NOT to acheive Freedom I strongly differentiate between anarchism and anarcho-capitalism. Anarchism does not recognize property right, am I mistaken ? I believe Molyneux would consider himself an anarcho-capitalist. He is an advocate of both anarchism and free market capitalism. He also regularly produces podcasts and YouTube videos in addition to his free books that may interest you. www.youtube.com/watch?v=JUVVh2O56_0 |
|
|
|
The biggest issues are the fact that it's inflationary and debt-based. It's also controlled by those with political connections and used as a political tool.
Most central banks are generally independent from political affiliation and are not controlled by any political appointee. The Federal Reserve was created by an act of Congress and the president appoints the Fed Chairman. Also, a significant amount of the federal government's funding has been coming from the Fed. |
|
|
|
The biggest issues are the fact that it's inflationary and debt-based. It's also controlled by those with political connections and used as a political tool.
I certainly agree with you on that. From the time of campaign up to the time when they are already elected, money is what makes some politicians go round. Yep, people that have the ability to create money buy out the politicians. Then the politicians use the money to buy votes. |
|
|
|
It's much worse than the flu, it's a defective heart. The only way to survive is with a transplant.
Fortunately, Bitcoin is a voluntary monetary system. Those who feel their needs are being met with the existing fiat monetary system and prefer to continue using it are free to do so.
So our current system, what exactly is wrong with it? The biggest issues are the fact that it's inflationary and debt-based. It's also controlled by those with political connections and used as a political tool. |
|
|
|
The only solution is to acknowledge the problem and come up w solution w everyone involved.
There won't be a single solution for all of society, because not everyone in society has the same goals. Just find a solution that works for you that doesn't require forcing it on others. We're talking inequality here. Its a societal problem not an individual problem. The only way to solve societal problems is when you get consensus There will be no consensus. Like-minded individuals will have to get together and form societies made up of willing participants. |
|
|
|
The only solution is to acknowledge the problem and come up w solution w everyone involved.
There won't be a single solution for all of society, because not everyone in society has the same goals. Just find a solution that works for you that doesn't require forcing it on others. |
|
|
|
Nope, it's the corrupt politicians and bankers. It's the monopoly on the ability to create money that is the problem, not capitalism.
 It's this kind of useless logic that works against progress, not for it. Progress will only occur when people choose to opt out of the current fiat, debt-based monetary system. Anyone trying to improve society within the current monetary system is just spinning their wheels. That's like saying you have the flu, but the only way to get better is to replace your heart with a heart that we are unsure will work or not. Again, completely pointless. It's much worse than the flu, it's a defective heart. The only way to survive is with a transplant. Fortunately, Bitcoin is a voluntary monetary system. Those who feel their needs are being met with the existing fiat monetary system and prefer to continue using it are free to do so. |
|
|
|
Nope, it's the corrupt politicians and bankers. It's the monopoly on the ability to create money that is the problem, not capitalism.
It's this kind of useless logic that works against progress, not for it. Progress will only occur when people choose to opt out of the current fiat, debt-based monetary system. Anyone trying to improve society within the current monetary system is just spinning their wheels. |
|
|
|
...Can we blame capitalist that hoard as much wealth as possible leaving only a thin slice of the .pie for the average guy to share among themselves?
Nope, it's the corrupt politicians and bankers. It's the monopoly on the ability to create money that is the problem, not capitalism. |
|
|
|
|
Even if transaction fees were required, using Bitcoin isn't mandated by any law. You're free not to use it if you don't like the fees.
|
|
|
|
Except for signing and logging your transactions on the blockchain of course
Who's forcing someone to use the blockchain? |
|
|
|
Calling it now.
Expect PM's, cryptos to continue to fall until then.
I'm betting Bitcoin will hit 30k before the Dow. Get out of the Dow while you can. |
|
|
|
How to earn money with bitcoin ?
How to earn money with dollars? |
|
|
|
Fiat monetary units only have value because people that produce goods and provide services are willing to accept them. If or when productive people stop accepting them, they won't be worth anything.
Is there any evidence this is going to happen at any point in the future? Economics is a "social science" as opposed to a natural science, so there is no way to provide empirical evidence of what will happen in the future. In other words, economics is a science of human behavior. Generally speaking, people tend to choose a course of action that is most beneficial to them and soumd, honest money is more beneficial to the average person over the long term. |
|
|
|
An excellent article from someone who "gets it". Governments are all about control: control of their populace. Recently, the U.S. government has created many arms of regulatory government to gain more control of an evermore complicated world and its citizens.
And that control is all predicated on their fiat having value. As more people around the world wake up and opt out of the fiat monetary system, their fiat will lose value and they will also lose control. |
|
|
|
Central banks can still print money to stimulate economy, because majority of the people still believe that those printed money worth something, and they are satisfied to get a job while the money printer bought billions of assets in the process
You mean like getting paid in dollars and then going to a store to buy things with dollars because they are, in practice, worth something? Of course they are worth something, that's the point. What are you talking about? Fiat monetary units only have value because people that produce goods and provide services are willing to accept them. If or when productive people stop accepting them, they won't be worth anything. |
|
|
|
...There’s not a legitimate economist of any note on the planet that thinks it’s a real currency. The anarchist, libertarian wing of the bitcoin party tend to believe in Austrian economics...
Meanwhile, he conveniently fails to mention the fact that one of the most famous libertarian economists (if not the most famous libertarian economist) predicted an internet currency like Bitcoin years in advance. www.youtube.com/watch?v=6MnQJFEVY7sUnless, of course, he doesn't believe Milton Friedman qualifies as a "legitimate economist of any note"? |
|
|
|
|
Show Posts
