Today is the 29th anniversary of the Tiananmen Square massacre where more than 10,000 peaceful protesters lost their lives. Crypto isn't about lambos, it is about revolution, an end to the ability of governments to print money at will to wage wars on others and their own people.

Posted Jun 4, 2018, 3:09 AM UTC
Governments do not print money at will, that would cause hyperinflation and result in worthless money and actually inhibit a government's ability to wage war.
The Tiananmen square protests were about democracy, free speech and political freedoms, driven by changes in Europe, the opening of the Chinese economy and moderate factions within the CCP. Its unfortunate ending was the result of Deng's decision to declare martial law and send in the army, a move that had mixed reactions within his own party.
Please don't involve crypto with this protest to water down the beliefs those students stood for.
They were not about democracy (in the Western sense). There were lots of mixed groups there advocating for different things. And yes you're right it should never be hijacked for crypto "activism" bullshit.
LOL „mixed groups advocating for different things“ is a pretty good description of the democratic method. But yeah, crypto may even be the antithesis to that, since it is a method to decentralize power without changing its distribution system, so making it harder to reverse it. On the other hand if we manage to establish a new egalitarian process of distributing power crypto could be a great method to make it functional
This.
I'm not quite sure where this liberal ideology of crypto progressing free speech and political freedoms comes from (most likely from a complete and utter ignorance as to what blockchain technology actually is/ does), but that is not blockchains purpose. Although blockchain can, and most likely will, have effects on the principals of the Tiananmen Square protests (and their place in modern society), I am getting tired of hearing people go off these about utopian promises of rainbows and butterflies.
*principles
You can remember it because a principal is your pal (well, somebody's. Maybe?)
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It comes from the crypto anarchists roots if Bitcoin. Generally the people who launched bitcoin were cryptoanarchists. They included the anti-bank headline in the genesis block in the wake of the start of the financial crisis. I am pretty sure these guys had a notion of what blockchain can do, I mean they created the first one.
If you were active in bitcointalks and subreddits more than 4 or 5 years ago, you would know where all these libertarian and anrchist ideas come from. It was all anti-fed, anti-fractional-reserve-lending, anti central bank etc... back then.
The Government debt is the same as printing money. They are borrowing money from the central banks and the central banks can create money from nothing. Here is the US national debt clock. It's kinda fun to watch http://www.usdebtclock.org
As far as I'm aware a big chunk of government debt is owned by US civilians, institutions and other countries in the form of bonds, they don't print money. I think what you are referring to is Quantitative Easing which is where the central bank buys up said bonds and other assets but up to until the 2008 crisis the level of QE was like only around 6% of GDP.
So comparing government debt to printing money seems pretty dubious unless I'm wrong.
Quantitative easing
Quantitative easing (QE), also known as large-scale asset purchases, is an expansionary monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to stimulate the economy and increase liquidity. An unconventional form of monetary policy, it is usually used when standard monetary policy has become ineffective at combating inflation or deflation that falls below policy targets. A central bank implements quantitative easing by buying specified amounts of financial assets from commercial banks and other financial institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the money supply. This differs from the more usual policy of buying or selling short-term government bonds to keep interbank interest rates at a specified target value.
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Yeah, they borrow money from the central bank which they have to pay back. That's what a debt it. And yeah, the central bank prints money but they do so at a regulated and planned out pace.
And when you say “they” you mean us, the tax payers. All the money “loaned” to the big banks to bail them out that wasn’t repaid by the banks is owed by the tax payers.
Also, quantitative easing is direct money printing.
True that
Fractional banking aswell
That money that is loaned is absolutely printed out of thin air.
I get what op is saying, I appreciate the clarification of facts but op has a point that involves all acts of power by governments against their own people. Wealth is what drives war and empowers evil regimes and crypto is part of the deteriorating of that power. Don't ever forget that, or you're in this for the wrong reason.
Fuck I have so many problem with this comment I don't even know where to start so I'll just jump right in.
Telling people what they're into or not, passing judgement on their reasons.... who died and made you the messiah? No seriously, did you wake up one day with the confidence to determine the appropriate reasons people can or cannot use to get into cryptocurrency? Or did it come naturally over time? You talk about the freedom everyone will have when the cryptopia is brought about but you behave like a authoritarian, somehow I get the feeling your utopia would be my dys... but I digress.
A point which he or she decided not to make, a point you inferred from your own PERSONAL reasons for getting into this.
Crypto is still wealth, wealth is completely objective, it has no inherent "good" or "evil" properties to it.
When you anthropomorphize something in order to assign a value based on your own subjective values, you tend to take the blame away from the actual PEOPLE who commit these acts you've attributed to the anthropomorphized concept. This, in my opinion, contributes heavily to people's disengagement with politics or social issues these days...
By representing wealth as this concept riddled with "good" and "evil" and then saying "Wealth drives war, wealth drives evil regimes" you DRIVE the idea that nothing can be done about it because not much can be done about wealth but it's built on a falsehood - People, not wealth, drive wars. People, not wealth, prop up corrupt regimes. Rich people perhaps but people are already getting "Crypto-rich" or "crypto-wealthy". To assume that this wealth is somehow "cleaner" because it's generated by cryptos instead of fiat would be childish.
tell me honestly what's to stop the alt-right from using Cryptos to start a "Kill HRC" fund? Tell me honestly what's to stop G4S or Blackwater's successor (well known purveyors of Private military outfits) from accepting contract settlements in LTC or BCH?
Tell me honestly how you're crypto is morally pure when I can right now buy more drugs in BTC than I ever could in FIAT???
Wow you're ideas are far fetched and baseless. Most of your rant is unintelligible but just to completely shut down your last question. I think you and I should be allowed to buy as many drugs as we feel necessary for our lives no matter what form. It's not a war on drugs it's a war on personal freedom keep that in mind at all times.
Don't think he watering it down think what he's saying is people deserve to be free. Not to be controlled by governments and made to believe they have a choice.
the thing is people start using cryptos as the solution for everything without ever giving even one single real world example how exactly this would work and actually benefit someone.
this here is a prime example of cryptos not doing anything for it because OP didnt understand what these protests were about.
Yup, OP is naive as fuck. Just the tanks pictured could probably crush and destroy every GPU rack in China in a day. Oh but crypto is borderless you say? The Great Firewall of China will (further) block whatever it wants. Oh but I have my crypto offline in a secure hardware wallet in my grandmother's attic in Fujian province you say? Sounds like a really liquid, trade-able solution! But let's not pick on China. All major governments will eventually ban/control any crypto threatening said government's control over it's money supply
People need to be controlled by governments, that's why societies exist.
I think the question being asked is where does the line get drawn? Prohibiting the government from issuing fiat currency seems like a reasonable line to draw given the history of government and fiat.
As long as the government doesn't do the vice versa and prohibit the use of crypto
You mean "organised" right?
Better term to use yes
You underestimate people
People where not given consciousness to be controlled by other people who are exactly the same as them. How can a human control a human which one is right or wrong. Humans control animals as we are superior to them. Who is superior when it comes to a human and a human
Lololilillllll zomg bro u got me rofl
Government does more harm than good, society would be better off without gov
Tiananmen was largely anti-corruption iirc, although the other reasons mentioned were also a significant part.
Australia's banking is under a royal commission at the moment and it's exposing corruption everywhere.
US housing crisis is obv too long ago now to remember?
Maybe they do not print it at will, but they do print shitload of it: https://youtu.be/iFDe5kUUyT0
But I agree, this post is pointless lol
The US treasury, a government institution, literally prints money every single day.
Well yeah notes wear out pretty quickly
OP stated that the government doesn’t print money, that statement is literally incorrect. Whether or not money printing constitutes monetary inflation is an entirely separate discussion (pro-tip: in some cases it does).
OP said governments don't print money "at will"
It's disgusting how this post is trying to conflate crypto with this tragedy. Stop trying to use this event as part of your crypto narrative OP. Sure you can bring awareness to it, but you're literally using this as a propaganda machine. OP couldn't taste irony if it hit him in the mouth. This is the crypto equivalent of Kendall Jenner's Pepsi ad
The first part of this reply about governments not printing money at will is factually incorrect. Governments have been doing this since the Roman times as a means of wealth extraction from the population.
Read the book called The creature from Jekyl island, it will change everything you thought you knew.
I always appreciate seeing the statements I can’t put into words myself. Thank you
Your statement is bullshit. When the government needs liquidity the Fed prints money—at will. It hasn’t caused hyperinflation yet. It might one day.
Government will usually increase the money base (what I assume you mean by liquidity) by purchasing bonds it previously issued with cash.
Governments don't print money when it needs money, they issue bonds. The printed money is literally replacing old bills to be taken out of circulation, barring a very small percentage.
Yes, they can print money at will, yes it will cause hyperinflation, and governments will try to avoid doing so at all costs.
Just to be clear deflation can be just as harmful to an economy as high or erratic inflation.
The Fed could print so much money that the dollar could fail. Nothing would be as bad as that.
'The Fed would bankrupt themselves on purpose, not just on an institutional level but on a personal level for every single employee as well'
Lol makes sense