IllogicalLogic
Joined 9 years ago
Joined 9 years ago
Simple, just don't cooperate with western capitalists looking to plunder an area, a Cold War will be declared shortly after.
Someone that didn't visit the US was arrested for "breaking US law"...replace "US" with "China" and see how this sentence rings.
When a parasite finds a good host, the logic can get really warped.
The reason Bitcoin is valuable is because the work required to create one is significantly harder than Fiat currencies and it is one of the only truly scarce assets in human history (hard cap).
How much equipment do you need to counterfeit any fiat currency? Can you purchase the equipment for less than $10k?
Yes, easy.
How much equipment do you need to counterfeit Bitcoin? Can you purchase the equipment for less than $1 billion?
No, not easy.
You may think this is a trivial distinction but it has tremendous value knowing you have hard uncounterfeitable money with a hard cap.
The US treasury spends hundreds of millions of dollars a year fighting fake bills, that's only 1 of the dozen or so problems bitcoin solves. The second is that all the verification and security is done by the most powerful supercomputer in human history.
These things gives it its value.
Garbage company stocks, you can throw those in the trash if the central banks aren't busy helping pump them.
Hard money wins, soft money gets snuffed in the night.
I'm not as optimistic. History shows human nature tends to work as we expect when US economic/security interests are involved...
https://wikileaks.org/nsa-france/selectors.html https://wikileaks.org/nsa-germany/selectors.html https://wikileaks.org/nsa-japan/selectors.html
Wikileaks also showed us that US agencies were engaged in industrial espionage, stealing German/French industrial technology using the Five Eyes tools and giving it to GE & friends ...
The problem is, my more "reality-based" framing destroys the "China is uniquely evil" narrative that western media/gov is pushing everywhere for primarily economic reasons.
Points for transparency.
I'm not sure the whole "China is uniquely evil" idea that is expressed in these comments stands up to even the smallest scrutiny.