CBJ_TechGov

If you thought that those who stand to lose untold power in fiat would stand by and watch Bitcoin (and other crypto) take over the world, I believe you are mistaken.

If you think there is no way to hack the functionality of Bitcoin, you are, at a minimum, greatly misinformed.

Here is how you hack the supply/demand functionality of Bitcoin:

Econ 101: Market price is set by two forces, (1) supply, and (2) demand.

If you control either supply or demand you control price.

Fallacy: The "supply" of Bitcoin is protected and cannot be increased by forces outside of the blockchain.

Fact: Exchanges, like Coinbase, appear to be massively devaluing BTC, thus controlling supply and market price.

I will make another attempt to enlighten those who up until today refuse to be helped... Bitcoin Hodlers.

If you thought that those who stand to lose untold power in fiat would stand by and watch Bitcoin take over the world, you are mistaken.

If you think there is no way to hack the functionality of Bitcoin, you are, at a minimum, intensely misinformed.

Here, my friends, is how you hack the functionality of Bitcoin:

Econ 101: Market price is set by two forces, (1) supply, and (2) demand.

If you control either supply or demand you control price.

Fallacy: The "supply" of Bitcoin is protected and cannot be increased by forces outside of the blockchain.

Fact: Exchanges, like Coinbase

The day China makes this decision, Bitcoin will exceed $1M! I just feel bad for China because they WILL get screwed on there current holdings.

We’re all hoping for Bitcoin (and other crypto’s) to soar while fiats come crashing down. But what good is safely stored value in a world of complete chaos? We need visionary leaders who can disseminate their vision and usher in the new chapter in human history. We ain’t got that right now.

The biggest gripe most folks have with USD and other fiats is the method used for inflation/QE. More USD is created and then it is kept by the government. Holders of USD effectively have actual value removed from every dollar they were holding at the time QE took place and placed into the hands of our government.

If Instead the government changed the policy and distributed all the newly created USD to the actual holders of dollars in banks (or USD denominated securities), each dollar would still lose value, but a holder of USD would receive their pro rate share of the new dollars, balancing things out.

This change in methodology would disincentivize the use QE for the purpose of theft of

Is if people lose confidence in Bitcoin. But what are the chances that the people will turn back to corrupt fiat? Bitcoin is golden.

For those of us who know that the days of fiat currencies are numbered and that some blockchain-based crypto(s) will be the dominant store of value, we must begin recalibrating our minds to a deflationary economy. This is no easy task.

Assume for a moment that Bitcoin has been adopted as the primary, worldwide store of value. Given that the number of Bitcoins is finite, elasticity for an expanding economy is achieved not through adding more and more Bitcoins (as mentioned, the number of Bitcoin is finite), but rather through fractional expansion, which is infinite.

The rub becomes conducting financial transactions where a given Bitcoin increases in value whenever someone transfers their