Topic: FIX THE MONEY - FIX THE WORLD #Bitcoin (Read 463 times)

So Austrian economics. Without it, you will not understand the true meaning of this phrase.

The Monetarists built everything around garbage money, so they invest it and more importantly, get in debt to invest. Add the legal ponzi scheme of fractional reserve the banks do, and create the huge bubble distortion that pops from time to time.

Well, it may not be the end of the problems, but its definitely a solid good step. Imagine that, the State cannot go over-budget anymore, the hidden tax called inflation is no more at their disposal.

My point was that too much government means too much money spent without further thought. I'm honestly curious what would happen if by tomorrow, 99% of governmental policies which intervened the market were removed. I'm sure it'd have lots of negative consequences at first, but I believe it'd lead to a more prosperous community.

Strongly disagree. People always find problems, goods and services don't bring happiness. They do a pretty good job, but humans always feel there's something missing. Not having any problems is a problem itself. Happiness, in my opinion, comes from good problems.

Vet bills and heating for a couple of hens? You're overthinking a bit too much...

I know people who live in villages and produce their own eggs. All they pay is some corn to feed the chickens.

Decentralization is good everywhere (including food production), not just money.

Centralized food production means you can easily starve the masses... no bueno.

until you see the vet bills for a chicken and the ongoing feed and having to make a hutch and then a fence to keep the neighbours cat away. then there is the heating and other costs

there is a reason why people go to supermarkets.. mass production is cheaper than solo production

oh. and the only hedge would be if you want blackberries. they grow in hedges(bushes)

Not a hedge/store of value, but if you can grow your own food (not everyone can), then you can mitigate inflation for yourself.

i.e. producing your own eggs vs buying them from the market at jacked-up prices.

If it’s true money rules the world, the smart thing to do is to focus on where the money is.  The politicians get funding for their campaigns from the banks, big tech corporations e.t.c. Nothing is free in this world. How do you think the politicians can ever be able to control the people who own them? Society is at the bottom of that hierarchy. We have a weak society is molded by the information they receive from the news, entertainment industry and social media. People believe what they read and see on these platforms as the truth and never challenge themselves to learn the truth for themselves.
Can’t believe what I just read…Growing food in your backyard is a better way to hedge against inflation?

/Klaus Schwab has entered the chat...

You said all are connected? So, why only focus on banks? I think politicians do have a power to command banks but let's not forgot the society. The actions that they make will also have an impact on the other two. The slogan must be old but they only revived it only to tell that Bitcoin can be a good solution about this problem.

I think most us already know why so I won't say it again here. Inflation is high but I think we can still do something to be able to survived other than using Bitcoin as one of our alternative currency. We can grow our own food in our own garden. We can also raise animals to get dairy products and meat. This can save us a lot of money.

firstly
bitcoin is not supposed to be a "one world currency for everyone to use one system" or "handle all the financial transactions in the world" or whatever slogan you use to pretend bitcoin cant do things.. because bitcoin if it was a "one world currency" that then becomes as corrupt as the current regime of fiat

so dont try to postulate that bitcoin either fails as a system or has to reach supreme one world currency status to be successful.. preaches like that are just narrow minded

secondly
you are using a script from a small narrow minded group.. funny part is you are outdated because that small minded group now think bitcoin can fit in every and any bloat/meme anyone wants to put into bitcoin, but they still dont want p2p payments to be the main/cheap use case option. yep they want those doing p2p payments to pay more in fee's than what bloaty memes do per byte

so be careful whos script you want to recite as those small minded folk can never get an idea right. they just dont want anyone to be oppositional to them

one moment they say they are conservative not wanting to allow more tx count. next they are opening the floodgates letting anything in and saying no one should stop them

their end goal is not to fix bitcoin to allow it to be a financial payment system, they will do anything to make bitcoin not be a financial payment system. they do not want tx scaling. they want the opposite. these narrow minded folds are the 'red coats', pretending to be the ones standing up with bitcoiners, but actually they are standing in readiness to get the whips out and back stab bitcoiners from within

Money, Politics and Society are interrelated and cannot be separated from one another . I don’t think we can talk about one without talking about the other. The real world is run by banks not politicians, Davos is the biggest event of 2023. The world economic forum has a huge influence in political decisions because THEY control the money and hence make the big decisions. In short, I agree with the slogan “Fix the money Fix the world”, money controls the cycle of life. From birth, we grow to learn the value of money and most spend their lifetime working for money and more money till death.

Those who understand this, only they will know how much power this words holds. Those who doesn't, they are missing out a big time. I feel so jealous of those people who can use Bitcoin freely in their country. These politician and Governments are good for nothing scums. These old sh*t doesn't know anything about it and aren't even interested. Yet they ban it just like that.
I am sure when the whole world will adapt to bitcoin, then these will be countries that will be left behind and won't get their hands on it because it will be very late.

Well , i believe that every user of this forum is already a member of the bitcoin community, with what technology have brought to humanity, i dare to say that the use of fiat currencies ought to be outdated by now, but the government knows how much they are making from printing more and more fiat money, the high cost of thing which is as a result of high inflation does not affect them, so they really don't care.

So it is up to you, me, and each and every one of us to keep pushing bitcoin forward, lets keep talking and discussing about bitcoin in our various places, the more people hear, they more they want to know what bitcoin is all about, and so as well are we getting more and more adoption to bitcoin and cryptocurrencies at large.

Fixing the government is actually quite easy, we just don't do it unfortunately. You just elect people who are honest and not corrupt and you end up with a good nation.

There are plenty of nations that does this, they check a politician and if their promises align with being better for the nation they elect that person, but 99% of the worlds countries elect people who would be bad towards their opponents, if you are left wing you elect someone who hates right wing, if you are right wing you elect someone who hates left wing, nobody elects someone who loves everyone, left right rich poor old young, we need to elect someone who loves them all, and hates nobody.

As crypto enthusiasts, we consistently support Bitcoin. Yet, if we think that Bitcoin can end financial problems, then we are mistaken. The current inflation is occurring for a number of reasons that Bitcoin cannot resolve. Bitcoin is a currency that exists in the virtual world, much like other currencies. Global borderless transfer is a possibility with bitcoin. However, can't assist to recompense the financial situation.

Easy answer: a candy bar will cost $100 by then.

Isn't it will not work just like that because we don't have enough supply yet and more than that we count/measure bitcoin in terms of fiat itself. So as long as that is happening we will always have 24K USD In our banks if we have 1 full bitcoin with us. (*as per current prices).

It can not turn down inflation just like that because it will increase the cost of purchase over the time since bitcoin is limited in circulation and high demand will automatically set the prices to higher sides. It will only be beneficial to gain capital over the time but then wont be useful while buying small stuff. How would you buy a candy bar when satoshi or milisatoshi is worth 100 bucks in the future? I am projecting that price because if we are thinking about the world which has fully accepted bitcoin and everyone wants it then that would surely be a price for it.

I could be wrong about it but maths and technical analysis would result the same conclusion. How in anyways this can help us fight inflation in any universe?

#ilovebitcoin too. Its just the criteria that is not matching here.

That would require a lot more natural resources, though... 8 billion people living a luxurious life?

This has been something that I have talked about a long time, maybe it is a political ideology, maybe it is not, I do not know what this could be considered as but it is close to this sentence.

I believe that, if nobody in the world has poverty issues, no house issues, no car issues, everyone capable of buying the brand new iphone, a new playstation 5, a good computer, visit anywhere in the world, basically living a "rich" life, not wealthy, not Elon Musk, imagine someone living in the USA making 130k a year, that's quite well, but not wealthy, imagine that being the lowest, but with current purchasing power.

I guarantee you that ALL problems in the world would be solved, that's it. Whatever issues we have, racial, political, war between nations, ANYTHING, would be suddenly solved, because we all would have too much to lose.

Point A: the system of government and the entire government fiscal policy is highly corrupt and mostly developed to favour an individual, cost of government is high and for us to achieve an inclusive financial system, we need to develop a stronger system like bitcoin becoming a global legal financial asset.

Most countries around the world economy have faced many financial crises and high inflation rising cost of basic goods and other financial crises, the impact of covid locks down and other governments' rising debts.

The only functional systems that will have a long-term positive impact on the economy is to look in way of digitized tokens and coins having a legal framework for bitcoin, a technological adaptation of blockchain with all necessary supporting amenities such as electricity and internet services.

To be honest, yes. It sounds too good to be true.
We, the people, don't build any barriers. It's the Government. I don't know why. But I can assume why. The banking business is one of the top income sources of the Government. Banking systems are here to stay. The more users and money people transact, the more money they will make, and the Government will get money from there. At the same time, The Government gets nothing from Bitcoin transactions.

So, why would they give you anything for free when they can profit from you? Think twice; This is one of the reasons why the government always builds barriers that prevent people from joining the Bitcoin Community. Still, Look at the forum, look at the social media. Whoever knows the benefits of bitcoin loves it.