Food for thought.
Purposely typo so that nobody can attack me for spreading lie.

I know who is richest, they’re basically the owner of this planet earth and they’re taxing everyone around the globe for living on this piece of land called earth, basically they’re taxing 2% annually for the entire taxable land existed on earth, imagine they’re taxing basically 2% out of $200 trillions (total entire earth land’s wealth in USD) per year, how can they not the richest person?

The people who need money, I know they’re being manipulated, I wonder why modernize human being need money so badly when their ancestors could just survive without a single USD, and for so many thousands years, and I’m seeing millions blaming can’t survive without money in the public, they’re so foolish.

It is easy to say get out of debt, but what can you do? Do you have a better alternative that fit the bill to be a currency not backed by fiat? And going back to gold? Yeah it’s great for the people who’s already rich, for the guy who come to this world with nothing but more mouths to feed and pile of debt inherit from parent, it is a wishful thinking to get their hand on gold. And I know they are secretly forcing everyone to take risk an take loan and buying into gold and hoping all will be well, but the loan come with heavy interest rate, the fool who get into this scheme will have more debt to pay in the end game. Want to change your life? Fat hope!😁



I would suggest looking for the next new safe haven investment that haven’t been tapped and the value would be very low, and would be accepted by millions of new group of generations, gold serve as a safe haven for the generation born before 19th century, fiat serve as safe haven for generation born before 20th centuries, bitcoin serve as safe haven for generation 21th centuries, the next safe haven asset will serve the generation of 22th centuries, but what could be that asset? Unless you can tell the future, you will never know it.

The FED can print 99.9% of the money supply while peasant like you and me earn the 0.1% of money supply, and IRS will perversely coming to you and tax as high as 50% out of that 0.1% money supply that peasant have,

https://tradingeconomics.com/united-states/money-supply-m0

such is the real life, welcome to the real world where everything is so twisted the poor will be heavily punished for being poor, and where first world countries has highest homeless populations, and don’t look at other people, I’m talking it to you, and yeah it is you the peasant I’m taking.😁

Yeah everyone should pay their taxes, I think most civilized countries are extremely good at avoiding taxes, that’s also why their taxes rate are among the highest, a 25% taxes for a commodity? I never paid tax as high as 25%, I think it is a robbery.😁

Taxing bitcoin sound perfectly legit to me, but taxing shitcoin? I think they got a lot of paperwork to do, will IRS accept crypto to be part of the tax payment? We can tossing thousands of shitcoin to them with just a click of button.

When it is perfectly fairly distributed, I can’t guarantee it would have a lot of value, thus is the reality.




Being fair is a very subjective question, and adding a little bit of twisting, anyone can call a unfair into a fair system, do you see why mainstream news advocating how fair USD is while nobody seem to agree with the news.



Yeah, fair is very subjective under a globalization climax, I’m hoping to see a fair system that you can have a fair share of everything, be it good, cloth, house, health care, every life support need, when it come to risking anything, it’s going to be so complex, risking is not really a thing to anyone, I see all the people shun risk, a fair system without a risk, did it existed? Of course risk assessment is a must skill to anyone, but the real life do not tolerate anyone who cannot take risk, and it is also how it create a world today, risk and fair didn’t really mixed well.

I think the beginning phase of bitcoin sound perfectly fair by the concept, but it starting to change over the time, in just 4 years after it goes published, smartest people in the world begin to find the “loop holes” in the bitcoin, they invented the first generation of ASIC in 2012, specifically just to mine bitcoin, and it’s also why I called a fair system to slowly developed toward unfairness, and bitcoin may not stop that from happening, because the increased difficulty not only punish the big miner, it also punish the small miner, and small miner get punished the big time. By now, I think mining no longer the only way to get bitcoin, because POS has been invented after the ASIC, the next generation of new coiner may no longer stick with POW anymore.


I see a lot of people cursing the govt for taking USD off the gold standard, I don’t know how true it was, but as the time passing I see more and more of their predictions came into reality, I don’t know what are them and who they’re working for, but they can really make everything to follow their way, anyway it is a certainty, if you didn’t born rich, you certainly has no say in the real world, but you can have a lot to say if you’re in the internet, as nobody know who you’re.

I can’t deny it’s a sound argument, by the time it is before the internet become mainstream, in 2008, I think I was stumble upon some boring sites, may be I remember I came across the first internet video streaming site, then I spend time on online games, but bitcoin was so trivial by the time, doubt it was all the same to everyone, prior to 2008, anyone who’s truly interested in bitcoin must have been some highly insightful individual, well, being the first come first serve definitely a issues here, because not everyone share the equal knowledge, information, IQ, EQ, date of birth. Having distribute fairly is very challenging task, can bitcoin really up to the task?

Yeah, the basic idea of bitcoin is about mining, and with mining in the table, even the Satoshi can’t print bitcoin at will, that is why no one can control the creation of bitcoin except the miners, but the FED can simply print money, which is a far fetch to just mining. Mining is fairer system no doubt.
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It is a contradiction.

https://tradingeconomics.com/united-states/money-supply-m0

There is a sharp trajectory from year 2008 the time btc was created to the year 2018, from 1,000,000m to 4,000,000m of m0 supply, it doesn’t took a genius to know a 400% of printing money, I’m not sure what’s going on with the supply increase and I doubt no one can tell that in a understandable manner, and the only person who can print money? Not you or me, but there is only one guy who can, and the guy can’t tell what’s going on too? They tell me they can create money at their will but the chart tell a different story, of course I don’t expect any answer that can justify what they say and what is going on.

I think Ethereum did a good job at promoting bitcoin wide adoptions, it’s faulty and it is also why so many ICO launched on it and abusing the flaws, but it is all develop too quickly, we’re all couldn’t keep up with the changes all of a sudden. But we can slowly catch up in the future.

The transparency is certainly a plus for being immutable currency, and POW further fortifying the immutability, and it’s proven again any hard fork coin will failed trying to undermine the immutability bitcoin have. Of course I can’t say the transparency is the same for other crypto, most of them can undergo a series of swap, forks and splits, which make it more difficult to understand where it is going.

I’m assuming it will took very fast to go from fair to unfair under identical circumstances, practically speaking, it will took very little time to turn from point A to point B.
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Bitcoin is very fair in my opinion, some may suggest Satoshi alone mine nearly 1m of the coins, but that’s not the same with USD, can I just say it, the FED can simply print 99.9% of the overall circulating USD, and I simply can’t call that fair, and it has no doubt absurd than simply owning 1m out of 21m total supply.

I think bitcoin is the fairest distribution so far, I had never came across a system that’s fair from the very beginning, only a better system that’s less unfair, and when it’s fair, it will soon natural developed into unfair, and it’s the nature of a working economic system, and it is certainly what’s going on in the crypto space albeit at a alarming rapid pace, it used to took centuries to distribute gold, when it come to cash, it took decades to distribute, and crypto took only weeks to distribute, and it is also getting very fast to developed into unfairness, I’m not trying to undermine bitcoin, it is giving me a mixed feeling about fair and unfairness at the same time, I think it’s good to share your opinions, what do you think how and why it is more valuable.

And I strongly believe usd is the most powerful currency ever in the world as claimed by POTUS simply because the absurd inequality in distributing the USD, and the top elite simply can print 99.9% of the USD while 0.1% of USD distribute to you and me.

It is the very big mistakes features bitcoin has implemented, by giving the total control to the people who has most of the mining capacity, that’s why proof of stake are invented, POS give the people with most coin stake the power to control the network, but it’s up to personal choice to prefer POW or POS, both of them also is a form of anarchy system, we’re all but gullible and hostile when it came to power. Of course some one can challenge the system to fight the injustice, change the system? Or fix the system? I’m not a advocate to any side, I’m just here to enjoy my share of pop corn.

You can try cloud mining, it is scam anyway and it’s also how to potentially buy large volumes of bitcoin. I think buying hashing power = buying bitcoin. And it is not a dubious claim.

Some site that’s not accessible by anyone, I had came across those site that accept btc from the early days, and you’d hope you didn’t know bitcoin to avoid plenty of troubles, because some of them ended up in jail or dead by now. Of course I don’t want to believe it, no one will believe the news circulate on the internet anyway, especially from the questionable sites, but why today so many people believe anything come by internet which is beyond my knowledge.

I like your analogy FB value to that of BTC. It was $130b in 2014, now it is worth more than that, I think FB would’ve be a trillion company, then you should revise your valuation for BTC too. Since you are one who get through the MT Gox debacle, I’d like to ask you a few questions, I got to know bitcoin during earlier 2011 too, but I had no idea how to even buy some of them, and PayPal are not a thing for me too at the moment, and also forget about dwolla or liberty reserve which I wouldn’t have access until recently, I think the only way to buy bitcoin was MT Gox before 2014, there is about two P2P services and all the other P2P trading are either infested with typical eBay scams that most users do not get any successful trades, and also they may get their btc but at a marked up price too, either way they get charge back from PayPal deal too. I don’t know who didn’t loss a fortune to trying to buy BTC, and I think Mt Gox aren’t any better than P2P or OTC, as I see so many people loss money on it. Even in today, I still can’t find a legit way  to obtain BTC just as easy as buying goods, some may recommend coinbase was good, I wonder why people would stick with Mt Gox than coinbase.

I can find many theories how USD are created, some of them seem acceptable to me, and they believe new money is created whenever people like you and me take loan from the bank, and it is also how the shadow banking in China was so rampant in 2016, these shadow banking are creating credit at a speed of light and it is also unregulated, I’m not sure what will come next but some experts are screaming bubble is about to explode, I think it’s all the shadow banking who create USD too, but I don’t know who is their target “victim”.