The wacky thing about all this is Bitcoin is openly intended to be the "new gold standard", as though the time period of the original gold standard wasn't filled with inequality, evil corporations and corrupt governmentshttps://twitter.com/Tr0llyTr0llFace/status/1359406612826501122 …
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I'm thinking back to some of the conversations I've had A lot of them were clearly with people who were just fucking stupid Like a lot of the "left-wing crypto" fanboys seriously thought what crypto is about is "magic money that anyone with a computer can make out of thin air"
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(This is the EXACT OPPOSITE of what Bitcoin is supposed to be for Ideologically, Satoshi DESPISES people who want to get "money created out of thin air", which is exactly what "fiat currency" is meant to be able to do)
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(The initial Bitcoin boom making people think that Bitcoin is some kind of magic that creates "value" by making your laptop's GPU go brr is the kind of nonsense that was always obviously going to lead to another catastrophic bubble Same as this Gamestop thing)
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("There's no victims here, none of us think we're gonna get rich, this short squeeze is just to stick it to the hedge funds and get some schadenfreude from people with a few thousand to burn" ...Maybe at first but it stopped being that as soon as you went viral on Facebook)
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End of conversation
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The goldbugs are one of the groups I find the most silly, since it's always tied to such laughable notions despite their objective harm. Like, gold has no more "inherent" value then green paper, we just like shiny hard metals as a species. Same thing with their prepper pals
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