silverlining.bsky.social
just a chill guy
usually hanging out in the ₿sky feed:
https://bsky.app/profile/did:plc:qg2xh2omse5jx2njmba3wsq3/feed/aaab3fy25acf2
nostr: primal.net/silverlining
693 posts
486 followers
268 following
Getting Started
Active Commenter
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Someone’s been listening to mallers
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I think the change in sentiment that you’re noticing is less “crypto getting popular”, and more that folks are noticing governments and corporations are broke, and regularly robbing you.
Few turn to Bitcoin so they don’t get poor slowly, others turn to crypto and go all-in to high risk gambling 🤷🏽♂️
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Every transaction is visible and verifiable by anyone. This makes it very difficult/impractical to use for crime or money laundering.
It’s secured by energy (electricity). It has reached the point where no country in the world can muster enough power to harm the network or break the security.
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The vast majority of negative media coverage about Bitcoin’s environmental impact came from a single debunked source, amazingly. See this analysis by Daniel Batten:
x.com/dsbatten/sta...
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I’m curious, what would you say makes the US dollar or treasury bonds not a faith-based asset?
Also what do you mean by “faith-based”? If I hold my money in a steel bank vault guarded by armed men, am I not placing faith in that? The physical time and energy expenditure needed to breach security?
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Yes, they’re lost forever and cannot be recovered. Last time I checked, there’s around 3.8 million Bitcoin that is lost.
The result is the remaining floating Bitcoin supply meets higher demand which increases the price, benefiting everyone on the network.
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Nations "borrow" purchasing power from their people to fund countless things ranging from innovation/security, to waging endless wars and expanding power
The wealthy in these nations hold assets that gain value over time, while the impoverished swim against an increased current of inflating prices
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Haha sure, and the debt nations create to fund wars aren’t ill-gained.
Later, central bank grifter 👋
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I've been doing just fine holding Bitcoin, things get cheaper for me. Since you've got a lot of time, I'll save this post and keep checking in from time to time and let you know how it's going.
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You seem to keep changing the goal-post. You're not arguing in good faith at all, and it's very clear you live in a bubble, unaware of what people deal with outside of your comfort and luxury.
There's no point in interacting further with you.
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You're soooo dense, and I'm tired. I got shit to do, have fun living in la-la land.
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The charts and evidence that the production and health of the United States in indeed, *not* increasing.
You wanted evidence, here it is. My personal solution to this problem has been working well for me, I'll just leave you in la-la land in hopes you find the ability to think critically.
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In 1971, Nixon announced the decoupling of the world reserve currency, the US dollar, from the gold-standard. A unit of account tethering our economy to reality.
www.wtfhappenedin1971.com
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www.usdebtclock.org
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^ Last words of any major nation or empire that has collapsed in the last 5000 years.
They always think they're the exception.
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check your financial privilege.
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He casually misses literal next sentence:
"They can forever drain the savings of their own people to fund infinite war, and up-keep of continuous power".
As if this isn't a real-world consequence?
r e m a r k a b l e.
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Nations "borrow" purchasing power from their people to fund countless things ranging from innovation/security, to waging endless wars and expanding power
The wealthy in these nations hold assets that gain value over time, while the impoverished swim against an increased current of inflating prices
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You seem to have misunderstood what I said
Read this twice.
There's NO SUCH THING AS DEBT BEING DETACHED FROM REAL CONSEQUENCES
While the powerful leaders in charge of national debt don't face the consequences, EVERYONE ELSE does
Imagine racking up credit card debt and forcing someone else to pay
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I don't want to assume, but it seems like you haven't grown up worrying about money.
Things that EVERYONE wants are going up in price drastically faster than their labor and effort to make money can keep up.
Houses, having kids, food, rent, are ALL decreasing in quality and increasing in price.
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You’re right, it isn’t. People have to be physically responsible for their personal debt.
National debt is detached from real consequences, and can forever drain the savings of its own people to fund infinite war, and up-keep of continuous power.
We see other countries do this all the time.
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You might be one of the most pompous, brain-dead individuals I’ve come across here.
You seem to think government mandates power over reality itself. I’m at a loss for words lol
The evidence is prices rising all around you, while people blame immigrants or whatever their go-to political issue is.
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The interest on the US's decision to create debt and devalue the currency costs the people more than the military budget, and is on trend to surpass the social security and medicare budget.
If you're trying to convince me that people want this or that it's under control, you're wasting your time.
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Haha, "mandate" given by who? Who votes for the decision to increase the money supply which devalues USD holders?
"The Fed's Actions are backed by the production of the USA"
Hmm.. production of the USA sounds an awful lot like working class citizens.
Debt to GDP of the US: 121%. This is criminal.
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The US Fed Reserve buys back government bonds through OMOs, and this can be seen as using newly created money to pay off existing bondholders, rather than using organic demand from economic activity.
It injects new money into the market by devaluing those who use US dollars
Is this a ponzi scheme?
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I’m not trying to convince anyone to buy bitcoin. In fact, for arrogant critics, smug in their dogmatic faith in a broken economic paradigm, I’m happy that they remain sidelined while Bitcoin grows. I just want to set the record straight.
Here’s the differences between a pyramid scheme and Bitcoin.
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White paper is a great start!
If you want a simpler breakdown of the problem Bitcoin is trying to solve, I also recommend a few books:
“Broken Money” by Lyn Alden
“Resistance Money” by Andrew M. Bailey, Bradley Rettler, and Craig Warmke
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Are you sure you're not comparing annual stock trading volume vs Bitcoin's *daily* trading volume?
Nvidia's daily volume today was $227 million, and around $91 billion this year.
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Oh shit my bad. Yeah it's billion. Huuuge difference there, sorry for the error.
But yeah, $38b today. 519k coins moved on a higher volume day like Dec 5th, so around $52b.
My point is, this open protocol settles larger amounts than most countries, it's hard to assign any majority of it to crime.
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Sure, here. The dollar value I'm referring to is the amount of coins that were moved in the last 24h. We don't know if someone actually transacted something, or if they just moved funds from one wallet to another.
And btw, I said $51 TRILLION. Not billion.
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I get that all you see is wealthy bankers adopting it, but keep in mind.. the bankers adopting it now are the exact same who shat on it, laughed at it, and tried to stop it. Soo much time, money, and energy has been spent trying to stop it.
The fact that they are now joining in speaks wonders.
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I don't think we can ever know. This thing is literally an open public ledger you could sit forever sifting through it.
Just today, Bitcoin settled $51 Trillion in USD. We can't know whether someone sent themselves money, whether it was used for a crime, or whether someone paid their rent.
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Just a trigger warning, he's speaking at right-leaning conference but his work is not representative of any political alignment.
His books:
"Hidden Repression: How the IMF and World Bank Sell Exploitation as Development"
"Check Your Financial Privilege"
An article:
The IMF's aid vs Bitcoin
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Best evidence that comes to mind is Alex Gladstein of the Human Rights Foundation.
He's been on the ground in these countries faar before he knew about Bitcoin. The first time they utilized it was 2013, certainly accelerated since.
If you want articles/books instead lmk, but this is good summary:
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I’m not entirely sure about these particular women, but the way Bitcoin works, you don’t need an ID, social insurance, or even email. You can spin up a private key on a sheet of paper and bitcoin can be sent to it. It can then be liquidated into cash in any country you go to.