New thought intruded into my head.
What if nation-states, instead of directly fighting #bitcoin, start creating subsidies for miners.
As everything that states provide subsidies for becomes immeasurably corrupt and broken, it might start incentivize only the bad actor miners and pushing out the good ones.
I don't have any opinion or idea 💡 about the potential outcome yet. Need to let it rot it in my head for a while. It would probably have to happen in jurisdictions where electricity is cheap. In other jurisdictuons it would only bring miners which would otherwise not be profitable to mine.
But what do you think?
Hyperinflation is here already. All fiat is hyperinflating through four-year lens of #bitcoin. It's up to you if you decide to witness the world through grim fiat glasses or hopeful orange bitcoin glasses.
Choose bitcoin as your unit of account.
#Bitcoin literally arrived last minute. With the upcoming financial totality (CBDC) and rapid growth in efficiency (AI), non-state money is absolutely crucial.
Imagine – and this will happen soon – that central bankers will try to maintain x% inflation in a world of dramatically increasing efficiency.
Instead of growing prosperity corresponding to human progress, braindead central bankers will try to maintain inflation, "because it is essential for the economy."
The only thing they will achieve is massive theft of wealth from the population.
Fortunately, we already have an opt-out strategy. We have bitcoin.
Working for corporate bullshittery with crap products is sucking life out of me. Gotta bootstrap my own #bitcoin business ASAP...
Have a beautiful day everyone.
