“No one can serve two masters; for either he will hate the one and love the other, or else he will be loyal to the one and despise the other.

on my radio today some idiot was bragging that bitcoins would make so much money for the treasury that trump would pay the national debt. he then mentioned the going price of bitcoin at 1 bitcoin = $100k which startled me. last time i heard was a few years ag at 1 bitcoin = $2k

if the "bitcoin reserv"e buys these things at today's price musk and the boys will dump them fast enough for cash leaving the taxpayers holding a worthless digital nothing.

Last edited Sun Dec 8, 2024, 12:04 AM - Edit history (1)

Mammon became the tech version of advanced capitalism, even though it originated as the transparent ledger of blockchain tech that could help people who have digital access with phones but who didn't have access to currency. It's not only used by the lawless on the darknet, it's become insurgent on U.S. fiat currency, such that bitcoin will go the way of unregulated tech -- used by the rich to monetize human energy/activity/comms, and oppress the poor and the middle class into poverty.

Perhaps trump wants to be the leader of the pack in making this country the capital of bitcoin but he's out of his depth and will, as Elon says, cause things to get worse before they get better. For the already rich. Central banks are not likely to play along.