“People would learn to trust the new money only if they were confident it was completely exempt from any government control.”
— Friedrich Hayek
Thread
Login to reply
Replies ()
Which is why Monero has gained so much traction. Many exchanges have banned Monero, but they all accept Bitcoin. This gives the impression that even though the government cannot control either one, it can and does track everything you do with Bitcoin and is therefore the preferred money of governments for their slaves. Obviously CBDC is the "long con". Maybe first transitioning to KYC Bitcoin will gain mass adoption. If enough people adopt KYC Bitcoin it will dox non-kyc users by default and/or make it trivial to flag non-kyc Bitcoin on a "terrorist watchlist". After other bearer instruments like gold and cash are overtaken by Bitcoin, makes it much easier to then transition everyone by force to CBDC in the long term?
Just playing devil's advocate here.
Monero?
It's difficult anyone to imagine Monero as uncontrollable money as long as the hashrate is so low.
Different algo than BTC. Relative to price, Monero is more secure than BTC.
I don't think thats true when you can BUY enough hashrate to attack it.
Unless "relative to price" means it isn't worth enough for anyone to care.
Oh I’ve never heard this one. Good find!
What a pleasure it is to post something you haven’t read before @Guy Swann 😅
It’s appreciated if you share it.
It is happening
Good thing we have #Bitcoin now 🙏
View quoted note →
Satoshi be like..."Hold my beer" 😆
The problem is too much people like government control.
There are many, many slow learners…
View quoted note →
Like @jack mallers has said, we don't want to work for money that another man can print.
Those closest to the money printer benefit the most.
If there is one thing I can take away from my Bitcoin education it is this.
Politics will not solve the wealth distribution problem. It's baked into our fiat money system.
Yes, yes, I know I'm preaching to the choir. It still feels good to say it though. :-)
View quoted note →
When and where did he say it, cant find a refernece