Sunday, January 17, 2016
Ha ha ha ha ha
Ha ha ha ha ha:
Bitcoin slid by 10 percent on Friday after one of its lead developers, Mike Hearn, said in a blogpost that he was ending his involvement with the cryptocurrency and selling all of his remaining holdings because it had “failed”.Toldja so, techfairies. Toldja so. Toldja so. Your "private" currency is just another NSA tool. More importantly, the cure for a hopelessly ruined system is NOT MORE RUIN. You can't fix the Krugman/Bernanke rape of economics by raping economics even harder. The solution has to go the OTHER way, back toward REAL VALUE. Restore some type of gold standard, eliminate fractional reserve, stop controlling interest rates, eliminate central banks. Aside from ideal reforms, the 'patient things' model applies here. Plain old paper currency is patient and self-energizing. You can keep a bill in your wallet or safe for years, and it's still usable, still fully charged, without any external references or connections. You don't have to wait for NSA to track the transaction, you don't have to yield to the two Chinks who own half of all Bitcoins, and you don't even need to run the purchase through a bank. Just hand the paper rectangle to the seller and get what you want.
Labels: Natural law = Sharia law, Patient things
¶ 2:39 AM
