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Day to day people don't have access to stocks or derivative markets for example, and that helps to increase the gap between the rich and the poor(which in turn requires the intervention of the aforementioned central authority).
First post and its a spam with nonsense. Way to go. Economy of free things? What is the relationship of this topic to Bitcoin or crypto currency digital transaction? Ideology or not, it is none issue on Crypto currency Digital transaction. A decentralized digital transaction, no control from any government is never correlate to the supply and demand of commodities in which vital for one economy of every country. The nature of investment in BITCOIN or Crypto mainly touch the aspect of Buying and Selling of the said project with no involvement of basic commodities. I believe the post was in reference to token economics and the perceived value of things we get for free, not only in terms of price but also in terms of our attachment to things that we have obtained in exchange for nothing. It, in simple and vernacular language, tries to explain the value of tokens as a way to bridge the wealth gap that currently exist in the world. Additionally it ends with a question that opens up the debate on how we can try to monetise this concept. So not only does it have a lot to do with bitcoin, but its one of the basic ideas in which its distribution was based initially, of course this is just my interpretation and AxiomSupport will actually have to comment on it. It is cool if you don't get it though, not everyone can extract the core idea of simple texts easily and that is perfectly fine, maybe stick to being so annoyingly self righteous though, you seem to be good at that. |
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This is an interesting topic ever since I involved with Bitcoin, the things that we can only do for this kind of things are to speculate as there will be no concrete prediction that will happen when the great recession comes but Bitcoin is different with visa or mastercard's e-money even though we can consider them to be a digital money because of so many things like decentralization and the owners of this credit cards will be so much in pain when that time comes.
I just searched that Japan is one of the highest debt as a proportion of GDP and they are top 3 as of now but we all know that their government embraces Bitcoin as they can see the potential of it and it is alive and well for their citizens to use so I am thinking what will happen to them if the great recession comes then suddenly the price of Bitcoin will increase. So let's just wait.
So do you think that all institutions that require centralised power and oppressive use of force to function will go down with out a fight and just embrace it, therefore becoming broke? |
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People claim that bitcoin will really start playing a role in the next economic crackdown. EG: when debt is too high, people will defect into bitcoin and leave the current broken economic system behind, promoting the biggest wealth redistribution in history(something like what happened with the tally system back in england). Will the system allow for this? They would lose all control. I know this has been discussed in a higher level before, but lets put ourselves in that situation how would it unfold. I know some may argue that it wont be a quick process but rather adoption over time. However even if that's the case there has to be a tipping point. That is the process I want to understand.
What bitcoin needs to be above all other things in order to profit from a potential debt downwards spiral doom scenario, is to be, censorship resistant money that cannot be confiscated. This is what you need, you don't need fast and cheap transactions, that could come later on. So forget about visa, mastercard or any of that. To resist a big tsunami that you will not be able to dodge, you don't want a fast lightweight boat, but a solid bunker. When the tide is over you will be rich and laughing at all the guys that were bragging with their yatchs. After surviving this with great gains, if someone comes up with a coin that's as solid as BTC but fast and cheap with no downsides, then you can invest some of your BTC into that. So far no one has solved that problem, so be thankful you got BTC to put your money there, otherwise you would have been stuck with cumbersome gold. I can't find any other asset that is neutral to a potential USD collapse that would lead to profits. I see where you are coming from, but the real issue is the battle that will take place between too big to fail and bitcoin. Debt is not gonna be scratched in the next economic depression is going to be transferred to e money, and with that transition they will manage to drive people away from bitcoin, not me of course, but you get the idea. They will promote a pseudo paradigm shift by replacing paper money by emoney and then the real battle between bitcoin and the institutions will begin. Will the trust in institutions be damaged enough for decentralisation to take over? Otherwise amazon will be ruling the world with apple and google in 20 years. scary times |
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People claim that bitcoin will really start playing a role in the next economic crackdown. EG: when debt is too high, people will defect into bitcoin and leave the current broken economic system behind, promoting the biggest wealth redistribution in history(something like what happened with the tally system back in england). Will the system allow for this? They would lose all control. I know this has been discussed in a higher level before, but lets put ourselves in that situation how would it unfold. I know some may argue that it wont be a quick process but rather adoption over time. However even if that's the case there has to be a tipping point. That is the process I want to understand.
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looks great!! can't wait to start trading Castle
Yeah noobs are prompted to buy and hold and get their little penny after year 2026 when a nuclear holocaust kicks in. U have to name at least one reason why these punks would get in and hold till judgement day. Do u think they would need 3-dollars airdrops in 2026 when earth turns into flaming fireball? Well this escalated quickly... i'm not quite sure what you are insulting tbh - noobs, crypto or Castle. What you need to understand is that Castle is about longevity and the end goal. I have faith that when 2026 comes, they will be the ones airdropping water to put it out. In the mean time we will airdrop some advice, just for you, https://www.nhs.uk/conditions/burns-and-scalds/treatment/ |
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The community has been active for a while now, take a moment to read the white paper and contemplate the concept please. |
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The project has directly focused on the rescue of another community as the first priority prior to a public ANN. Feel welcome to join the Discord and see for yourself firsthand.
Yes, all the rest of us definitely want to help enrich another community. Pass. what kind of community ? and why the anothers community need help from this project ? i hop the dev will answer my questions The Ree-Coin community was scammed out of its investment we put a team together, and started working on a new coin, with a real value, instead of just creating another super high POS coin. We decided to build from scratch a coin that would become more valuable through time, and updates. |
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What's this coin use for or just a joke?
Take a minute to read the white paper. |
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