Bolide Banner

Shackled up fiat slave tells us Bitcoiners are the real prisoners


I honestly wasn't able to read this typed down stand up act without both laughing and actually feeling guilty for it at certain parts. First off, I had to go look for alternatives since FT doesn't accept Bitcoin and I thus can not read their sad little financial propaganda there in full. 3-0 to Bitcoin pre-match I guess.😁 Either way, this uninformed opinion titled "Don’t believe the ‘maximalists’: bitcoin can’t be separated from crypto" was unworthy enough to get mocked beyond belief, so here we are: "If you have ever dared to direct criticism at the world of crypto, the chances are you will have received some charming rebukes....But counter-criticism finding its way into my inbox with increasing regularity these days. It usually starts with something designed to appease — some kind of agreement that crypto is immoral, a scam, or some version of a Ponzi scheme. But then it quickly changes course, to explain that none of this applies to bitcoin." Translation: I do not accept this answer as it's a mere partial concession, it's all or nothing with me just like Mussolini!

The article then goes on for quite a while to contradict itself regarding some previous vague 🐎💩 the author wrote till it reaches this point here: while I can understand why Bitcoiners would like to distance themselves from the mass of scams and failures that have occurred in Cryptoland, their claims do not stand. I seriously advise you to read this quote again to fully comprehend how brain damaged dumb it even is to say something like this and actually publish it. Saying Bitcoin is in any way complicit or responsible for e.g. the Bitconnect scam, is like saying the Euros you converted to Colombian Pesos which was beforehand used to trade cocaine, is somehow the fault of the ECB and the Euro.

People pushing Bitcoin have the same financial incentives as people pushing other crypto tokens. Satoshi Nakamoto, the creator of Bitcoin, may have intended Bitcoin to be used as money, but it is not...instead, it operates in a pyramid-shaped structure that relies on constantly recruiting new members. Ahhh the good ol' Ponzi claim. We've covered this before many times actually so I'll just paste a previous paragraph on it here:

Because many lowlifes started Alts solely to rug-pull on their investors or planned to grow only as big as the next person's money allowed it to, "Ponzi" is also quite common to hear regarding Crypto. You know what's really a Ponzi? A system that requires infinite growth while annually losing approximately 2% value, otherwise the entire structure would collapse. Yes, the current monetary economic system, would de facto collapse without continuous growth, and as Michael Rupert put it "Infinite growth is simply not possible on a finite planet". Let's define the Achilles' heel of a Ponzi shall we: "A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own". Basically saying that the system would not only collapse if it fails to continuously grow, but also if everyone involved came to understand that there's not enough to go around started to demand their total asset value. Now relate these 2 characteristics to our own economic model based on banking and fiat.

Moving on, the next claim is Bitcoin is not really decentralized. I sincerely love how in a time where actual shameless fascism rears it's head and imprisons developers, forces crypto platforms to block entire nations and discriminate against users all around the world based on nationality, compromises  centralized service providers to make them stop servicing certain cryptos and sites, these people actually still dare to somehow open their stupid face and preach to us about "centralization" regarding the parts in crypto that actually managed to withstand this crack down specifically because they were decentralized. I mean, I don't recall this person's opinion piece on how the before mentioned examples involving Infura, Opensea or Alchemy were centralized and were thus easily dealt with, but Bitcoin, yeah, that's where some serious centralization is going on which she must inform us about.🤡 On Tuesday, MicroStrategy will Buy more 301 bitcoins. This means that this company alone currently accounts for almost 0.7% of total supply. This part was rather big news which we covered as well and concluded MicroStrategy now holds 1 in every 161.5 Bitcoin which is actually almost 0.62% of all Bitcoin that will ever exist but yeah, just round it up with a measly 17000 Bitcoin i.e. 330 million Euros why don't ya.

The real reason Bitcoin maximalists want to separate Bitcoin from other cryptocurrencies is to create the illusion of scarcity in a world where nothing exists. I didn't mistype or misquote, it's what was actually said by the author in question, well, at least the way I found it in the alt version. But either way what stupid claim are we looking at here, that scarcity doesn't exist? Really? Or what, our world doesn't exist? Was it all the Matrix all along?😎 Seriously, the author should just have put this line on top in the first paragraph, at least we would all immediately know the level we were dealing with and just clicked on to the next thing, could have saved us all a lot of time. Well, there's an hour of my life I'll never get back again, see you next time.😂✌️

 

How do you rate this article?


25

0


Geo-Political & Economical developments
Geo-Political & Economical developments

Things are almost never as they seem. If you sincerely think that world powers would spend their money and resources in order to just "help" citizens from foreign nations, you might want to ask yourself why they've been neglecting and out right murdering their own citizens for decades. What are their true motives for wanting to fund foreign (terror) groups, start global confrontations and wars? I'll let you in on a little secret; It has NOTHING to do with "human rights" nor "democracy".

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.