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by rzanella 1582 days ago
Sure, next time an armed militia thug comes around for "taxes" show him your magical numbers.

I mean, this huge portion goes straight from "unbanked" to using a convoluted highly technical solution that has high volatility and no legal recourse whatsoever... stonks!

3 comments

Speaking of legal recourse, we just recently saw the Government of Canada try and stamp out a form of political protest by trying to arbitrarily freeze participants' bank accounts. Regardless of how you feel about that particular protest, the type of legal recourse many people might think exists with banks might not actually exist, particularly for those who don't toe the line with all of their government's viewpoints, or if there's an actual emergency.

As far as high volatility goes, the question you should be asking is "volatility, relative to what"? The rate of Bitcoin "inflation" is known and transparent. Now compare that to the power of the virtual printing press and the effects of inflation on fiat currencies' buying power.

I just envision an old man yelling at clouds. I won't convince you. Maybe go read about some bottom up adoptions of bitcoin in places like Nigeria. Or don't, I don't care. You shouldn't buy any and probably should short it.
> this huge portion goes straight from REGULAR MAIL to using a convoluted highly technical EMAIL