• =?UTF-8?Q?=e2=80=9ePecunia-non-olet=22_=28Was:_Bit_careful_with_Bit?= =

    From Mild Shock@21:1/5 to Physfitfreak on Wed Jan 22 19:05:27 2025
    XPost: sci.physics.relativity

    Hi,

    Bitcoin is infected by Nazis. Its long gone a
    left movement, it has become a far right movement.

    What are you talking about? Here is a list of
    some far right advocates:

    - Peter Boehringer (AfD Germany)
    https://www.presseportal.de/pm/110332/5915082

    There is a constant critique of central banks
    in these circles, and they see for example
    Central Bank Digital Currency (CBDC) as an

    additional threat, to more control over the
    populace. But Bitcoin is also not completely
    anonymous, you see the transactions in the

    distributed ledger and possibly harder and harder
    to avoid KYC (Know Your Customer) regulations. For
    example ETFs are typically not anonynmous for tax

    reasons. I think the fallacy here is that one thinks
    money can make a divide between good and evil. This has
    never been the case, „Pecunia-non-olet", there is

    no guarantee that Bitcoin isn't used in evil manners.

    Bye

    Physfitfreak schrieb:
    On 1/22/25 4:28 AM, Mild Shock wrote:

    who knows when and what will happen?


    Any sane person in the world knows what will happen.

    What will happen is what has happened over and over
    again in the past 30 years. USA and Europe one morning
    wake up and feel their dicks erected, therefore freeze
    dollar assets of some nation in the world who dares to
    respond to Nazis the correct way.

    Those who have their wealth in Bitcoin stay safe,
    those who trusted Nazis lose all their money.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Mild Shock@21:1/5 to Mild Shock on Wed Jan 22 19:16:16 2025
    XPost: sci.physics.relativity

    Hi,

    Also this is extremly stupid:
    Those who have their wealth
    in Bitcoin stay safe

    If Bitcoin crashes you loose everything,
    if you store your wealth in this kind of
    money. Its always safer to diversify value

    for storage into different instruments.
    In as far an economy cannot crash based on
    currency problems. Only financial markets can

    choke on currency problems. Money is not
    anymore tied to gold, because money has become
    irrelevant. During a transaction the currency

    exchange rates are irrelevant. You would
    only experience something if there were
    a drastic hourly change. Only uneducated

    fools think about money as a value store.
    The biggest chunk of value sture is store
    in the form of land and buildings, non

    movable things, and economies could fall
    back to barter economy. Which happens often
    during crisis. Basically money is only good for:

    Economy Without Financial Markets:
    Financial markets provide mechanisms to manage
    risk, share investments, and maintain liquidity.
    Without them, economies would have fewer tools
    for diversifying risk or quickly accessing capital.

    Economy Without Money:
    Without money, measuring value and coordinating
    production and consumption becomes complex. Money
    acts as a unit of account, a store of value, and a
    medium of exchange. Without these functions, economies
    would struggle to establish a common understanding
    of value and facilitate trade on a large scale.

    But its not for storage.

    Bye

    Mild Shock schrieb:
    Hi,

    Bitcoin is infected by Nazis. Its long gone a
    left movement, it has become a far right movement.

    What are you talking about? Here is a list of
    some far right advocates:

    - Peter Boehringer (AfD Germany) https://www.presseportal.de/pm/110332/5915082

    There is a constant critique of central banks
    in these circles, and they see for example
    Central Bank Digital Currency (CBDC) as an

    additional threat, to more control over the
    populace. But Bitcoin is also not completely
    anonymous, you see the transactions in the

    distributed ledger and possibly harder and harder
    to avoid KYC (Know Your Customer) regulations. For
    example ETFs are typically not anonynmous for tax

    reasons. I think the fallacy here is that one thinks
    money can make a divide between good and evil. This has
    never been the case, „Pecunia-non-olet", there is

    no guarantee that Bitcoin isn't used in evil manners.

    Bye

    Physfitfreak schrieb:
    On 1/22/25 4:28 AM, Mild Shock wrote:

    who knows when and what will happen?


    Any sane person in the world knows what will happen.

    What will happen is what has happened over and over again in the past
    30 years. USA and Europe one morning wake up and feel their dicks
    erected, therefore freeze dollar assets of some nation in the world
    who dares to respond to Nazis the correct way.

    Those who have their wealth in Bitcoin stay safe, those who trusted
    Nazis lose all their money.


    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Mild Shock@21:1/5 to Mild Shock on Wed Jan 22 19:27:42 2025
    XPost: sci.physics.relativity

    You confuse money as a way to measure an asset,
    and ignore that you need some asset behind it.
    The worst asset is cash, i.e. money itself.
    There are other assets, like IP,

    intellectual property. Microsoft is so happy
    because of Stargate, because its a sign that
    they can continue with their OpenAI cooperation,
    and generate more and more IP.

    They don't generate value as money, they generate
    patents, inhouse software solutions, etc.. which
    has then a value expressed in the form of money,
    i.e. some currency is picked to express it.

    This value is quite independent of money. Acually its
    constantly re-evaluatet so if there is inflation,
    the value might nevertheless go up. Like if Microsoft
    can now accumulate more Artificial Intelligence IP,

    its value goes up and up and up:

    Microsoft CEO Satya Nadella on Stargate project https://www.youtube.com/watch?v=lb_ZJylekWo

    Satya Nadella talks only about IP in the above interview.

    Mild Shock schrieb:
    Hi,

    Also this is extremly stupid:
    Those who have their wealth
    in Bitcoin stay safe

    If Bitcoin crashes you loose everything,
    if you store your wealth in this kind of
    money. Its always safer to diversify value

    for storage into different instruments.
    In as far an economy cannot crash based on
    currency problems. Only financial markets can

    choke on currency problems. Money is not
    anymore tied to gold, because money has become
    irrelevant. During a transaction the currency

    exchange rates are irrelevant. You would
    only experience something if there were
    a drastic hourly change. Only uneducated

    fools think about money as a value store.
    The biggest chunk of value sture is store
    in the form of land and buildings, non

    movable things, and economies could fall
    back to barter economy. Which happens often
    during crisis. Basically money is only good for:

    Economy Without Financial Markets:
    Financial markets provide mechanisms to manage
    risk, share investments, and maintain liquidity.
    Without them, economies would have fewer tools
    for diversifying risk or quickly accessing capital.

    Economy Without Money:
    Without money, measuring value and coordinating
    production and consumption becomes complex. Money
    acts as a unit of account, a store of value, and a
    medium of exchange. Without these functions, economies
    would struggle to establish a common understanding
    of value and facilitate trade on a large scale.

    But its not for storage.

    Bye

    Mild Shock schrieb:
    Hi,

    Bitcoin is infected by Nazis. Its long gone a
    left movement, it has become a far right movement.

    What are you talking about? Here is a list of
    some far right advocates:

    - Peter Boehringer (AfD Germany)
    https://www.presseportal.de/pm/110332/5915082

    There is a constant critique of central banks
    in these circles, and they see for example
    Central Bank Digital Currency (CBDC) as an

    additional threat, to more control over the
    populace. But Bitcoin is also not completely
    anonymous, you see the transactions in the

    distributed ledger and possibly harder and harder
    to avoid KYC (Know Your Customer) regulations. For
    example ETFs are typically not anonynmous for tax

    reasons. I think the fallacy here is that one thinks
    money can make a divide between good and evil. This has
    never been the case, „Pecunia-non-olet", there is

    no guarantee that Bitcoin isn't used in evil manners.

    Bye

    Physfitfreak schrieb:
    On 1/22/25 4:28 AM, Mild Shock wrote:

    who knows when and what will happen?


    Any sane person in the world knows what will happen.

    What will happen is what has happened over and over again in the past
    30 years. USA and Europe one morning wake up and feel their dicks
    erected, therefore freeze dollar assets of some nation in the world
    who dares to respond to Nazis the correct way.

    Those who have their wealth in Bitcoin stay safe, those who trusted
    Nazis lose all their money.



    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)