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Dude, I'm the one on the right with the yuuge paquete that no knickers could contain, swinging about in the breeze. And my blond wig. Opsec, remember.
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Meanwhile we review our opsec game (yes yes me especially), we shjarpen our swords, and we diligently engage in target practice 'just in case':  |
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Anyway Bitcoin's coming to get 'em whatever their thoughts on the matter.
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Trouble with a lot of that is that individuals like their "democracy", their states, their nations - 'the people'. They are shit with money, and shit at understanding it, so are willing to continue ceding their self-sovereignty to 'the people', whether that notion has been obviously suborned by corrupt politicos and banksters or not.
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Meanwhile their meme tsar Samson, who is known throughout the galaxy ironically for his inability to meme, admirably breaks down some of the IMF's dubious claims: There are many things wrong with this @IMFNews video on so many levels. It mainly focuses payments issues and conflates certain properties of #Bitcoin with ALL cryptocurrencies. It sounds like they're gaslighting the general populace to prepare them for an IMF coin.
Broken assumptions:
Cryptocurrencies are secure as they are based on the "science of cryptography" - No, they are secured by PoW
There's no middleman - No, if you can't run your own node, there is a middleman
Transactions are permanent - No, unsecure chains get rewritten
Then they talk about the "problems" of anonymity and untraceability. Those are features, not bugs. If they're worried about "bad guys" making transactions, then they want a centrally controlled money.
They FUD about losing your money if you lose your "password" (I think they mean seed). However, that's a part of being self-sovereign. If someone can help you recover your money, it's not your money.
Samson Mow
They also complain about volatility - I guess they haven't looked at the stock market lately.
"BUT If we can counter the risks, then this new technology OR SOME VARIATION of it can completely change the way we sell, buy, invest etc."
No, some variation of it from you will be a centrally managed surveillance coin, and doesn't change anything for ordinary people.
"This could be the next step in the evolution of money."
No, #Bitcoin already took that next step. By not talking about Bitcoin and educating people, you're just keeping them bound to fiat in a new format.
Keep in mind that the IMF manages a "reserve asset" called a Special Drawing Right (SDR) which is a CLAIM on "freely usable currencies of IMF members." So it's an imaginary money based on printed money. A fiat based on fiat. Their motivation is to keep the fiat machine running. |
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I've seen figure of up to 4 quadrillion for the 'everything else' markets: bonds, derivatives, land, debt... . Doesn't affect your argument. A lot of that is just fake anyway. all I really see is oh when we 100x we overtake US stonks, "conservatively" in 2 halvings' time  |
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that was not the intention of the ditty  it's an expression |
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Drunk for the first time
and not great at cricket. But
who's the Daddy now?
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There was a young coiner called J S Raw
Who cuddled up to his missus for 'more'.
Despite the prospect of family mess,
Surprisingly she said, "Yes Yes".
And now they're expecting one more Raw.
Many congratulations brother.
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https://twitter.com/VitalikButerin/status/1274443124375523329 June 20th 2020 Honestly I think we emphasize flashy defi things that give you fancy high interest rates way too much. Interest rates significantly higher than what you can get in traditional finance are inherently either temporary arbitrage opportunities or come with unstated risks attached. A rare flash of insight or giving himself an out? Maybe both.
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Hungry now. Happy belated tc day!
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 flabby jeans otoh ... not soo sexy still and all, excellent Wall Observing 13/10 would recruit again |
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Well Wuille can sorta 
