"Regulators become catalysts. Money exits control, non-linearly." I have not followed Murphy's output in particular, but for the past few years have come across a funny variant of the libertarian gold-bug: the "crypto-bug".https://twitter.com/jmrphy/status/1354266009994227720 …
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At first it seems bizarre that supporters of the gold standard, who fetishize the solidity, luster and historical weight of precious metal and decry fiat money as baseless, artificial, unstable, a government scam etc. would place their trust in something as ethereal as Bitcoin
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Replying to @as_a_as_a
BTC and gold are basically the same thing and useless as currency for the same reason, they're deflationary. What will actually happen if and when regulators crack down on concerted market interference is people will move to fediverse or tor
7:59 PM - 26 Jan 2021
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