/biz/ - Business & Finance

>>13176585
OP is brainwashed. Nazis were unironically zionists. And Israel is unironically the walled in ethno-state, white nationalists aspire to create.
Crypto is unironically contrary to nationalism. But I guess there is a common disdain for banksters and white nationalists don't know the difference between shysters and jews. But neither can the NPCs like OP.

>>13169131
First thing's first, their critique of the state being violent, power hungry psychopaths is correct. But the belief that money fixes everything is just naive. Voluntarism sounds great on paper. The NAP is good for kindergarten level civil order.
But when there are no adults to be found, it falls apart.
If somebody with no money does millions of dollars worth of environmental damage through negligence that could have been prevented by modest regulation, do you carve them up and sell their body parts for whatever the going rate is?

Likewise, the person with the most money has the most rights, because they can afford all the henchmen. Because like it or not, your rights are protected by force.
That's the principle behind a democratic monopoly on violence. Or common law.

I did get into crypto currency because it allows people to choose their own monetary policy, without begging the central bankers to obey us and hopeful roll into a participatory mode of governance. So far it's only managed to absorb speculative bubbles as a wonky store of value. Which is nice. But it doesn't have any significant meaning.

>>13169215
Minarchism is even dumber than anarchism. Because the "minimum" is absolutely subjective. For example, I don't believe we need a full time standing army or a border, more than we need the EPA. Because toxic waste is a much larger threat than immigration or even terror.

>>12841227
Fractional reserve banking was always a shell game. Plebs would lend their gold to a bank for a return on interest. You could technically withdraw all of your gold. But not practically.

If enough plebs tried to withdraw in the full amount at once, you'd get a bank note for your gold that you could retrieve on the other side of the continent. You could get on your horse, travel through bandit country and maybe a warzone, maybe lose a horse or family member along the way, just to get where the reserves were held. Or you can play along and spend the IOU, like every thing's fine.

After the industrial revolution, travel became easier, but feeding the ponzi became a bit more difficult. Every nation that had a gold backed currency failed in less than a century. America even started banning the possession of gold ingots and confiscating it to keep the scam going.

Thank god the sham finally came to an end. Sure, 1 GBP is worth chicken tenders on the kids menu, not a pound of sterling silver. But now that we can admit we have a problem, we can at least hedge with precious metals. Unfortunately precious metals can't be transmitted digitally. So the gold standard will never be suitable for the modern economy.

Bitcoin is the first natively digital p2p currency. 1 BTC=1 BTC. But 1 USD=1 empty promise. If 3% of the public withdrew all of their money from their bank in a single day, we'd have another great depression.

>>11691383
It's up to developers to make regulators irrelevant. If decentralized networks were actually decentralized, private and censorship resistant, then there would be nobody to fine or arrest.

I want to go long on anarchy

>>11089316
Based leftist here. Love crypto. The petrodollar is more directly responsible for climate change. The powers behind it have suppressed clean energy for a century.
Electric cars are nothing new. Tesla the genius, not the car, invented the electric motor early last century. Solar energy is even older.
Red state maga zombies are still brainwashed into suppressing clean energy to fight wars for Trump's masters in saudi arabia. Fucking sheep.

>>11040501
https://c4ss.org/content/41130