Fighting Monopoly Power

[Elvis]

Time to re-calibrate, and quick.

Recalibrate to what?

[Elvis]

Bitcoin is already a monopoly.

Regarding ownership distribution, as of 16 March 2018, 0.5% of bitcoin wallets own 87% of all bitcoins ever mined.

https://www.digitaltrends.com/computing ... e-bitcoin/

Who owns all the Bitcoin? A few billionaire whales in a small pond

Jon Martindale
By Jon Martindale
March 16, 2018

...87 percent of all Bitcoins ever mined are owned by just half a percent of Bitcoin wallets. The figures only tighten from there. 61 percent of all Bitcoins are owned by just 0.07 percent of wallets. That’s an incredible amount of wealth in the hands of very, very few.
...
The hoarding of wealth by a slim number of wallets gives those owners incredible power. Like stock traders, if the largest Bitcoin wallet owners decided to cash out, it could send prices tanking, leaving the much smaller investors concerned about what to do with the rapidly dwindling value of their own holdings.
...
Given the amounts invested, it seems certain that billionaires have invested in its future, and they see it as bright enough that they’re willing to not only continue to hold on to their existing wallet holdings during big downturns like the one at the end of 2017, but even use the downturn as an opportunity to buy more.
...
Whatever happens, cryptocurrencies will remain relevant as long as the whales don’t abandon them.

[Belligerent Savant]

.

Bitcoin is only 1 of many digital currencies, and its holdings by the wealthy still doesn't discount what an individual owner can do with their holdings.


DecentralIzed currency as a potential alternative.
off-grid scenarios may at some point be a consideration as well.

Current representatives/members of Congress are not our -- the average American's -- allies. Can that change with protests en masse? Perhaps. The truckers tried that in Canada but it didn't stop the near-term erosion of rights/fascist encroachment.

The U.S. isn't Canada. But we remain deeply fractured, which works against us.

[Joe Hillshoist]

You appeared to express incredulity that the Canadian state is stealing citizens money (on the pretext that they are working class racists.)

They didn't seize people's bank accounts did they?

I thought they just froze access to them?

[Harvey]

You appeared to express incredulity that the Canadian state is stealing citizens money (on the pretext that they are working class racists.)

They didn't seize people's bank accounts did they?

I thought they just froze access to them?

Preventing people from accessing the fruits of their own hard work (stealing their money) is fundamentally different from stealing their money. Of course you are absolutely right to observe this important distinction Joe.

[Joe Hillshoist]

You appeared to express incredulity that the Canadian state is stealing citizens money (on the pretext that they are working class racists.)

They didn't seize people's bank accounts did they?

I thought they just froze access to them?

Preventing people from accessing the fruits of their own hard work (stealing their money) is fundamentally different from stealing their money. Of course you are absolutely right to observe this important distinction Joe.

Western Governments have been able to steal your stuff without the burden of proof for this whole century. Its part of the war on drugs.

They don't have to return them. The burden of proof is on you to show that you gained your assets legally and legitimately. You don't have to be found guilty of a crime or even under investigation in some jurisdictions.

Denying you access to the legal economy is different to stealing your stuff.

IMO its alot worse but if you want to make out its just the same that's your business.

[Harvey]

Then what was the purpose of your distinction?

[Joe Hillshoist]

I expect some level of discernment at this place. Not moronic thinking and right now there is to fucken much of it.

Think for your fucken selves for fucks sake. Instead of just finding some contrarian opinion and ties your colours to it. The reason this place was a good discussion board was cos that didn't happen. People robustly criticised dumb ideas. As a result alot of important and strong ideas were able to be discussed here.

The Canadian government isn't just stealing their money.

Its taking steps toward making them "unpersons". People who are unable to take part in the economy. That is creeping toward what the Nazis did in Germany. Or something worse maybe.

That is a distinction worth making in my opinion.

[Joe Hillshoist]

This isn't even a vaccine mandate type of exclusion. This is the next thing.

[Harvey]

Thanks for un-personsplaining. Much appreciated.

[Belligerent Savant]

.

A worthwhile presentation. This can go in a few threads here.

Created out of nothing. Like the Universe.

The Monetary Institute's "Our Money, Our Banks, Our Country - Money Creation in the Modern Economy" conference was held in Zurich, Switzerland on February 5, 2018.

Professor Richard Werner, Chair in International Banking, University of Southampton, England provided this overview of how money is created in nations throughout the world and the impacts and consequences of the current system.

Valdo Petronio
3 years ago

Not only Mr Werner has fully understood how our economy and financial markets work, but he has also the courage to speak up and clear. Not like some other few economists teaching at Harvard, MIT or Stanford, sometimes granted the economic Nobel price, who understand as well but keep it quiet or even lying to their students, because they want to keep their privilege and high salaries and are happy to be the puppets of our banking system. Thank you Mr Werner, and shame on the others.

[Iamwhomiam]

Crossposting Grizzly's posting in Eco-Fascism' and related Acts of Criminality to a more appropriate thread.



https://www.youtube.com/watch?v=nuSpEgFkW94

[Grizzly]

https://theconversation.com/genetic-paparazzi-are-right-around-the-corner-and-courts-arent-ready-to-confront-the-legal-quagmire-of-dna-theft-178866

Genetic paparazzi are right around the corner, and courts aren’t ready to confront the legal quagmire of DNA theft


appropriate thread /S

[Elvis]

monkey hoarders.jpg