Everyone who isn't a complete moron knows the bitcoin market is the world's greatest scam as long as the crooked exchange Bitfinex is the market maker for price.  I'm not sure how ANY legislator could pass anything without nuking Bitfinex off the face of the planet first.  And where's all the other volume at?  Why...the useless scam bucketshop Bitmex.

Bucketshops are fucking illegal in most aspects of finance and countries in the world.  How are you going to bring anything to the mainstream that's run almost entirely by two hoax exchanges?  I'm not biased on the situation at all. Even if I was pro-bitcoin, I would NEVER sign off on any ETF or other retardedness as long as Bitfinex controls price if I was the legislator.

This is obviously not true because I just quoted employment stats for engineers in Canada the other day and it was like 30% employment for new grads.  Going into STEM doesn't guarantee you jack shit now.  I guess you can make the excuse for such abysmal stats that their jobs were all shipped to China or something, and that everyone needs to apply 2000% tariffs to all Chinese goods to fix it, but it's what the current situation is.

As for the nature of capitalism, capitalism is just a synonym for natural selection.  The purpose of natural selection is basically for the strong to kill off the weak, or encroach upon their territory and resources, exploit them, starve them to death.  In a collective arrangement known as a nation, knowing what the purpose of capitalism is, do you think anyone would actually choose pure, anything goes, unadulterated capitalism if the results were giant swathes of the population agreeing to be economically exterminated or enslaved?  80% or higher of the population?

All the jobs being outsourced to China, India, or wherever through global labor arbitrage is about as capitalistic as it gets.  This is capitalism - monopoly men and middlemen exploiting and killing off everyone.  A nation is a type of collective agreement, typically always between an ethnocentric collective - because all non-ethnocentric nations collapse.  If people are coming together to create any type of collective or rules based game, they're typically NOT going to agree to play one with such bad results.

The purpose of a nation is for ordinary, valuable, or contributing members of that society to survive, not to try and kill them off on purpose.  This is how systems like national socialism from the Nazis arise, because capitalism isn't even possible if you're going to have any form of national government.  The second you create any form of national govt that can impose it's will on everyone, capitalism is over.  You can either have pretend capitalism, which is just going to be some klepocratic, crony capitalistic, too big to fail monopolies that are your new slave owners, or you can have national socialism where instead of the government making all public policy based upon "what is good for the crony capitalism corporation", policy is based upon "what is good for the common white man".

It sounds extreme, but the vast majority of nations already practice some form of this, because like I said, pure, unadultered capitalism doesn't have a very viable conclusion.  The breakup of monopolies I would consider a national socialist ideal.  The govt stopped doing so because it drifted away from national socialism and the greater good of white people towards crony capitalism.  Free enterprise and everything else would still exist as well, just not to the extreme detriment of the whole.

You're using something like the chess elo analogy.  Claiming that if you play enough games, luck will be canceled out and your true skill will average out to wherever it should be.  It's not a valid analogy with real life because humans practice specialization of labor and everyone isn't competing on the same metric.  It's easily possible to choose a bad, overpopulated, or dying career field for instance, be the hardest worker and best at it in the world, and be totally useless, accomplish nothing, and die in poverty.

That's the nature of capitalism - non-state run enterprise.  It's easy to divert resources into an activity where there's nobody guaranteed to be on the other side of the trade in the order book.  Nobody knows everything and you're required to step into the unknown in capitalism.  You can do the best due diligence on the planet and still come up with a flop.  Pretending all hard working people succeed is just naive.  Capitalism is designed to create lots of hard working losers.

Don't you worry, we've been putting in work on the "solution":

Stupid post.  There's probably legions of 120+ IQ people in Japan working two jobs 90 hours a week, making jack shit for money and barely getting by.  And this is one of the most egalitarian countries on earth.  Working hard, being smart, or being productive does not mean you will be rewarded for it.  

Shitcoins are a great example.  I consider all digital shitcoins a scam and only physical metals as money, but most people here believe Bitcoin is legit, just the other shitcoins like Ethereum are a scam.  Welp, hate to break it to you, but the pump and dump scam known as Ethereum created far more profit for people than just about anything else.  Other complete bullshit like "Tron" too.  Most people will agree that physical metals are a hell of a lot better investment than "Tron", but are metals holders being rewarded lately?  Nope.  But "Tron" holders are driving lambos.

The entire economic system is so broken that you need to make the wrong decisions on purpose to make money.  The whole thing needs to be burned to the ground.  Work hard to get an engineering degree in Canada?  You'll have something like a 20% chance of employment. Be an absolutely useless woman and create an instagram and patreon account?  Make $150k a year.  I have no idea exactly where this money comes from, but it's common.  At this point, dropping out of middle school and becoming a white rapper would probably be more productive than going to college.

https://dailystormer.name/this-thot-is-making-154000-a-month-on-patreon-and-basically-youre-a-fucking-enabler/

If you've ever noticed Twitter & Reddit are garbage but couldn't explain exactly why:

https://www.reddit.com/r/MGTOW/comments/aiejff/this_is_the_type_of_wimyn_gizmodo_hides/eeo86bh/

The kikes at the BIS are too stupid to know PoW is designed to self destruct without them having to try to force anyone off it.  The overhead per transaction is huge and it's only kept afloat because a high initial, fixed block reward subsidizes each transaction.  Once the subsidy becomes too anemic, people will just abandon that chain and use a different one that still has a block reward running to subsidize their transactions, or switch to an even more centralized, lower overhead system like PoS.

The fact PoW is designed to centralize, and thus has no fundamentals and high overhead, is not hard to lose vs equally shitty or worse systems with less overhead.  That's why it's best to just tell any digital shitcoin shill to fuck off and support physical metals instead.  It's difficult to create a dystopia with metals as money, while digital shitcoins are a dystopian govt tracking and control system by default straight out of the box, and they will only mold them further towards that task each passing day.

There's no such thing as "UBI".  It's a made up bullshit word identical to communism.  They just wish to call it something else because communism has too much of a negative stigma.  It's like me renaming Nazism to GRFJ - Get Rid of the Fucking Jews, and claiming it's something else.  The economic system didn't fail due to capitalism either, it failed because we already have communism.  A central bank is one of the main tenets of communism.

And of course "UBI" is communism.  One man's free shit is another man's indentured servitude.  The only way this doesn't apply is if everything is done by robots.  When's the last time you went to a robot dentist?  A robot plumber? A robot car mechanic?  Not even simple tasks like making a pizza are done by robots.  Probably never will be because the machine would cost as much as the store itself and still have to be staffed by people anyway.  

Anything involving robotic food preparation is going to be nothing more than a conveyor belt to automate some of the process, but not all.  All you'd really be doing in the end is making it so your minimum wage employee has to do less work while still paying him the same amount.  You'd still need him there regardless.  You're basically setting money on fire.  Then when your pizza machine breaks down every single day, you get to call in the $200 an hour robot specialist to work on it.

WHAT Bitcoin fungibility?  There never has been any and there never will be.  All Lightning Network does is decrease fungibility even further where you go from non-fungible and barely functioning acceptance, to needing to ask permission to a bank for every single transaction.  The base bitcoin network is completely useless except for settlement between large financial entities.  This is not new news.  Hal Finney talked about this years ago.  For bitcoin to be anything but a useless niche product, you'd be using the complete dystopia known as Lightning network as I describe here:

https://bitcointalk.org/index.php?topic=178336.msg49357146#msg49357146

I'm not even addressing this other complete nonsense about you complaining it's too hard to smuggle physical metals through an airport.  Percentage-wise, barely any of the general population even flies on airplanes, especially on a regular basis.  If for some absurd reason you think it's mandatory you have the ability to constantly smuggle around tons of gold to and fro on airplanes, then buy your own private jet like any important person would have that flies a lot.

I notice the giant faggot in the link sees no problem with being ruled over by unelected bureaucrats (authoritarianism), therefore, I proclaim myself as your new ruler and none of you should technically have any problem with that.  Hell, for all you know I'm already typing this from Brussels.

If it was nonsense, multiple people would post debunking it, but as usual, not a single person even attempts to because they know they can't.  They see even discussing issues like this as being detrimental to their "investment" and prefer to spam Andreas Antonoplous-style propaganda, lies, and slogans instead.  That Jbreher guy is a couple cans short of a six pack, but he isn't completely retarded and there's obviously a reason he sees LN as a non-solution as well.  He's just for some reason unable to articulate any reasons as to why, unlike I can.

Trollgoossens, I have created this specifically for you.  Since your knowledge of bitcoin is somewhere barely above zero, I would like to show you in simple terms why you're shilling for your own enslavement.  Show this to your girlfriend too and see if the two of you can rub two brain cells together to try and debunk me.

Why Lightning Network is complete fucking garbage - A lesson for caveman level dumbasses in this thread

Let's say for some reason people actually start to use bitcoin.  With it's limited on-chain scaling, this pushes transaction fees to $50, $200, $500, $1000, whatever.  This would push almost all commerce solely to Lightning Network. Now imagine you wish to purchase 100 ounces of physical metals from me (or any metal vendor on the planet) and pay with bitcoin and you do not already have a channel open with me (because why would you?).  This transaction cannot take place.  

How do you solve it?  You either spend an enormous amount of money opening a channel with me, which is the same thing as an on-chain transaction and runs into all the same scalability problems, OR you would pay a fee to a large financial institution who is connected to everyone that you're also already connected to have them route your transaction.  At this point the light bulb should be turning on in your head that tells you large financial institutions are even more powerful, and with a bigger monopoly over everything in the Lightning network than they are in the current, crooked, existing banking system.  

All using LN does is give them the power to abolish physical cash, track everything you do, and easily blacklist ANYONE'S funds the bankers don't like.  Even if you wanted to open a channel with me instead of routing through the bank, it's still COMPLETELY POINTLESS.  Lightning channels are not fungible with one another to spend.  Locking up funds in a channel with me just makes it so you have money that can't be spent or invested elsewhere.  You're incentivized solely to have one channel with all your cash in it opened with a megabank and nothing else.

You'll notice Marcus of Tel Aviv has no hand waving bullshit to try and cover up the fact bitcoin is not even peer to peer by any technical standard.  It's funny how just about everything concerning bitcoin is a lie, isn't it?
When every transaction is hardcoded to require three or more parties involved, and one party is a built-in, permissioned ledger, rent seeking middleman (transaction validator aka miner), how the fuck did this lie last so long in the first place?

LOL.  I do not post here because I consider you my friends.  I consider this thread a warzone where there is a battle to be fought between centralized, valueless, non-fungible, imaginary digital token scams whose only possible outcome can be a dystopia resembling the Chinese social credit score system vs the far superior choice of everyone using physical metals and not living in dystopia.  

I see you as the enemy because you are pro-dystopia.  We are not on the same team.  You are not smart or logical enough to be on my team.  You are a Judas because you wish to sell out humanity for some negligible pump and dump profit that might not even happen, even though you could make the same or larger profit choosing metals instead and not doom the planet to dystopia.  It's that stupid of a choice you make.  You're a sheep willingly being led to slaughter and trying to drag everyone else with you because you think it might be profitable.

^That was the dumbest form of self-deception rationalization I've ever seen.  The fact is that these people have threatened Trump with a bogus Mueller investigation as blackmail and claim they will throw the book at him for made up crimes if he doesn't do everything they want, and even though Trump would easily win in a public court of opinion vs fake Russia charges, Trump is too much of a coward to go against them and is playing softball and as their servant. Either that or he never really cared about reforming anything in the first place.  

If he wanted to play hardball, he could declare AIPAC as a foreign enemy agent attempting to undermine and meddle with US elections, with plenty of evidence to prove it and instantly get rid of and jail treasonous Jews like Chuck Schumer, but he would never have the balls to do so.

If Trump tweeted, "hey guys, I'm sure everyone and their mom saw in the Wikileaks emails that Dyncorp was involved in child sex trafficking and we're probably going to have to do something about them", then what are they going to do?  Trying to stop him after the fact is pointless.  Anything they did would just put 1000x more heat on them.  He's not tweeting anything relevant about the Kalergi plan, George Soros, 9/11, the fact the fed shouldn't even exist, the fact a central bank is one of the main tenets of communism, the fact congress, the senate, the media and banks are treasonous, dual-citizen, Israeli spies, etc.

You either play the game to win or don't play at all.  To win requires full Pinochet mode.  The #Qanon garbage was all a stall tactic to make people think reform was actually occurring when it's not and hope they just forget about it by the time it became an obvious scam; to get people to make believe that the Dyncorp child traffickers and other nutcases from the Wikileaks emails were being met with justice when they are not; to get people to make believe that when the institute of Arts or whatever it's called said their main goal was to dumb down the population that those people were being dealt with, but they are not.  The amount of people to be exterminated for treason is very high.

Are you people trolling?  Money is a ZERO SUM GAME.  Introducing compound interest into that equation = neo-feudalism, slavery, call it what you will.  Anything with interest involved is also probably guaranteed to have cyclical collapses of civilization because people will just refuse to be beasts of burden for others living off interest.  They introduced the debt jubilee where lenders take a bath to try and avoid/reset things like this.  In reality, money should never really generate interest in the first place and borrowing would all be highly pawn shop style collateralized.  I.E. if you can't offer up a car or something as collateral, you're never getting any type of loan.

Of course millenials can't afford houses, and it's by design.  Artificial real estate bubbles and the 30 year mortgage are the cornerstone of debt enslavement, which is WHAT THE BANKS WANT:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-42-debt-enslavement-revolves-almost-entirely-around-creating-real-estate-bubbles

People say millenials are stupid, but in a way, they're one of the smartest generations because they're REFUSING to sign up for these 30 year mortgages.  They would rather face the shame of just living in their parents house or a van by the river rather than being a debt serf.  A lot of it is due to them already having been fleeced on artificially high education prices/loans.  The price of an education is like 10x higher now in real terms than what most people here probably paid for theirs, and then they don't even have prospect of a job afterwards.

It's like Anonymint said, most of the people posting here are Dunning Krugers.  Everyone just spams rehashed Andreas Antonopolous talking points which aren't even true.  The only time you hear any actual facts, non-herd opinion or propaganda, or new concepts at all, are from people like me who are not posting rearranged Andreas Antonopolous pump and dumper spam.