KalEll66

How do you use the wipe code feature on the. Ew firmware upgrade?

Is exposed more and more each day and like someone said: “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Lucky for the world, we have Bitcoin and can just switch to more stable, consensus medium of exchange (Plan B). Plan A would have been a revolution.

.... sitting on cash with no assets, let's the central banks reduce the value of the dollar by printing more and make each dollar worth 3% less each year.

Stocks are limited by each company that issues it.

Gold is a scarce resource that our early human ancestors decided would be good for currency cause it's rare, heavy and hard to steal.

USA's central bank, The Federal Reserve, lowered interest rate to 0% and will lower them to negative interest rates. They will charge you for holding money in a savings account cause they want people to spend money and stimulate the economy.

Cash is not an asset. It's a medium of exchange for human labor/art.

Time itself is ultimate currency. Time

They can only make humans chase their paper.

Nietzsche knew the struggle and power of decentralization 120 years ago, even before the Fed was created which destroyed the value of the $.

Inflation is a hidden tax. Good money replaces bad money. Don’t you want a currency based on the ultimate trust (math) and agreed upon inflation that decreases till 2140 unless consensus agrees to do a 0.5%. We are in the early days and don’t need to worry about inflation. We get to enjoy the adoption years.

Future generations that aren’t born yet will look back on this thread to see how we judged bitcoin in its early days. We relied on math as trust over human judgment (central banks).