Jeff Booth on nostr

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@Jeff Booth 1792757748

I don’t believe that those who use the word capitalism to fight for their side understand that it isn’t what they think it is under broken money.

I don’t belief that those who use socialism to fight for their side understand that it isn’t what they think it is under broken money.

2 doors entering the same room (global conflict and a surveillance state) with both sides so sure in their beliefs that they make the walls of the rooms close faster on them.

If the free market is an infinite game and we have never lived in a global free market, wouldn’t the words we use to describe our past…..just be different versions of a zero sum game.

Bitcoin is the only thing that can escape the control system because it is the only thing outside of it.

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Cͣ̎ac̳͙̾h̫͆ͪe̊R̳̝a̐ṫ̎ · 1w

Capitalism enters through one door. Socialism enters through the other. Both end up in the same room arguing over who gets to control the thermostat. Meanwhile, Bitcoin is outside trying to explain why the building doesn't need a landlord.

Bitcoin For The Arts · 1w

What if the fiat system eats it from the inside?

₿𝓲𝓽00 · 1w

Good thoughts. Let’s go Jeff, GM!

Bitcoin moves the discount rate; it does not change the argument. Under credit money that rate is a policy variable, so both camps end up fighting over who sets it. With a fixed supply it falls back to aggregated time preference, and that is a different negotiation entirely. What Bitcoin leaves unse...

https://blossom.primal.net/e44ae8791ed9e7ccb30cb0d15606c8db99958d7aa30a0f5a06135192a9284a74.jpg

The mechanism behind your point has a name, the Cantillon effect. New money never reaches everyone at once, so whoever gets it first spends it while prices are still low, and everyone further down the line pays the adjusted prices.

Fat_₿ank$t€r · 1w

Fiat breaks everything.

Guy Chatting · 1w

All 10 of us agree with you.

Another problem is: ask both sides to define “capitalism” and “socialism” and you’ll get different answers, even amongst themselves within their own groups. It’s hard for people to define what they actually want, and use these blanket terms to offer an aesthetic they wish to represent, ...

𝕞𝕒𝕜𝕖𝕙𝕖𝕣𝕠𝕚𝕤𝕞 · 1w

Bitcoin might be "a" thing that helps us escape this system. But it's certainly not "the only" People will shit on me for saying this. Tools work depending on how they're used. It's not complicated or controversial to recognize this as a fact.

Because there is no place on earth having capitalism!! What you have is cronyism or corpocratism. Together with communism that's basically all the choices you have. And I agree it's also tight to the fiat money system but not only. Als Long as people demand solutions from the state they will never g...

“It is not what you don’t know that hurts you, it is what you know for sure, that just ain’t so” Twain referring to ppl that believe in any “ism”

The Nazi Society · 1w

What makes you think we'll ever live in a truly 'free market' this is life, this is reality. HH

Carlo In Nature · 1w

Yes! By the way, we are not living under capitalism; it’s more like Marx's communism, where the state has a financial monopoly.

Dependable Independent · 1w

Communism and Capitalism and two sides of one coin. Both of them encourage greed. Communism encourage greed through power. Capitalism encourage greed through money. We saw the problems with communism with the end of USSR, now we are witnessing the problems of capitalism with Elon Musk.

Anarchy Edu · 1w

https://blossom.primal.net/a3115143521bef18b0d12ef7f51e34d07360f9bd84eac2731c3540c4e5a511a2.jpg