Europe and post soviet block Asia borders have also "shifted through centuries". Much of pre 2014 Ukrainian territory was gifted by Russia, some by "Poland", rather than colonized/invaded by Ukraine.
Bitcoin is “Thanks for the $97,430.23 bro trust me bro someone will give you that much or more for that ledger entry in money, goods, or services bro I swear bro because it’s scarce bro”.
You accept $20 because you are confident it is worth $20 tomorrow. You put it in a bank hoping the interest will cover inflationary depreciation, and hoping the bank will give it back when you ask for it. Btc does not have that 2nd risk, but you can still accept it as payment and sell it on an exchange shortly after, if you trust bank IOUs more.
My inflationary dollars are far more in demand.
You can't buy beer with gold or amazon stock, though can with bitcoin, even if cash is easier. Investments are a separate market, and they all have the buyer's hope of higher future value.
Proof
bitcoin reserves are auditted as held with full confidence any instant. Gold reserves depend on confidence of last auditor last time it was done, and it would be national security to lie that the reserves are still there.
energy-rich actor could shoot for a 51% attack without sending a single troop across a border.
a 51% attack has a small chance to undo a spend that was done just in last hour
It doesn’t matter where something physically is, but rather how do the parties to the transactions understand the exchange.
IOUs are not as good as money, IOUs based on a "trust me bro its still there asset" is not as good as IOU based on bitcoin, and an IOU based on fractional reserve inflatable currency is far worse than asset based IOU.
So with your passphrase in your head (and no new holes) you leave. Where do you go? Somewhere where there are other nerds who will take your distributed ledger units in exchange for the necessities of life
Trying to sell gold coins to pawn shop or gold dealer gets a bad price relative to IOU trading. Global bitcoin exchanges often have the best prices, but nations you'd want to escape will tend to have problems that put a premium on bitcoin because of its escape advantages over gold. The argument that you need to convince bakers in your new country to accept bitcoin is not real. But its easier than gold, tulips, or other currency, or land deed in civil war country. Replace baker with someone on craigslist, and its still easier.
deflationary, which makes it a lousy medium of exchange. You’re basically saying that the supply of gold (or other material mediums of exchange) can increase, as if it’s a bad thing.
You're arguing here that paying with Bitcoin is bad for the payer because value is certain to go up. That means it's good for the buyer/receiver, which makes it easier if you need something physical/consumable from your "wealth".
This isn’t a common problem in stable nation-states
Bank panics/failures are frequent enough that the system relies on bailouts for them. Deposit insurance is something customers pay as a hidden fee, but often taxpayer bailouts supplement the failures. Settlement "failure" happens often too. "Trust me I'm solvent bro" is a bad system that has and will regularly fail.
If the USA goes Mad Max even put aside the computers and network access needed to maintain a blockchain (other countries exist, etc), what is the impact of the evaporation of all the USD which were use to acquire BTC on the exchange rate for said BTC in the still-existing nations?
USD has no relevance to value of bitcoin. Mad max with internet access can trade for go juice or guns and bullets. Gold would tend to have very low value because Fort Knox is indefensible. Preparing for global mad max is different than preparing for local chaos. Communal leadership skills you can use to convince building fortifications and somehow secure food access is needed for communal survival. Wealth onto you would come from an ability to impose hierarchical tributary power system.
you do not own your followers or your account or anything at all on corporate social media
X, and by extention all other social media platforms, would intervene in any and all brands to demand permission for mergers/sales if social media accounts are part of the merger. This is an insane level of megalomania, that goes well beyond "ownership of content posted" online.
The fact that Musk is intervening to protect the most hateful pro-Republican disinformation, while having bought the presidency, and then expecting Supreme court to side with him could be understood as counter to democratic ideals, but its just another step in that direction.
The most likely outcome of a pro-Musk ruling is the onion makes a new lower bid for infowars without the twitter accounts. Maybe Musk bids higher for infowars. There is an anti-trust case for this scenario, but it only applies in a presumed principled democracy.
I liked the meme posted a month ago...
"Great. I get to delete my work email and collaboration apps from my phone"
Musk made a rant last year interview that "It is immoral for you to work from home if people building your car, or delivering your food cannot". As an employer, you have the option to pay more for extra expenses/time involved in coming to office if that is super important to you.
When panels were 30c/watt, projects at $1/watt in EU and US happened. 70c/watt was spent on labour, copper, support structures, and grid connection equipment. All of those can be locally produced, with possible exception of last item.
At 6c/watt, that is over 90% of power projects are local economy boosting instead of 70%. It provides cheaper energy that is useful for industrialization and cost of living benefits too. US tariffs on solar are entirely about protecting oil/gas extortion power instead of a $10B solar production industry that needs fairly expensive support.
Solar imports does not cause energy dependence. You have power for 30+ years with no reliance on continuous fuel supplies. Shoes and apparel is a $450B industry in US. You need new supplies every year, and it makes much more sense to secure supply in that industry for war on the world purposes.
paywalled. Chinese subsidies for EVs and solar are far less than US ones. China does make sure an abundance of minerals exists, refineries to process them locally. Key industries have access to cheap loans, but often new companies/projects have the same access as leaders. US system favours free money instead which is subject to using it as a slush fund instead of building a successful project that will pay back normal loans.
China's early success on EVs was based on city policies of restricting non EV license plates to certain days of driving. This is free. Having a good charging infrastructure/network also makes EVs an easier decision.
Still, the US is improving enough to get good EV growth, and EV dominance soon enough. Equinox EV is better than model Y. Ford transit van is cheaper electric than ICE, with additional operating cost savings, and as a city vehicle enough range for a full day, and contractor benefits.
US policy is based on pure lies to protect oil oligarchy dominance, but there is still a certainty/path for EV success.
A poll released Monday conducted by Arab News/YouGov found that Trump led Harris 45 percent to 43 percent among Arab Americans. Those voters said that they viewed Trump as more supportive of Israel’s current government, but that he was more likely to end the conflict.
In 2020, FL Hispanics were bombarded with ads saying that Biden would give away Florida to Castro as part of his love for communism or deport them all to Cuba. Trump won FL by a large margin, mostly because Miami area was not as blue as in the past. 60% of FL voters still voted for $15 minimum wage.
In 2020, also, heavily hispanic southern counties of TX went pro Trump on ads that there would be a lot of work in the counties from building walls.
AIPAC lobby has spent record amounts on primaries for democrats this year where the incumbent supported a ceasefire. The only ones AIPAC won were ones where they did not mention Israel at all. Other Republican PACs are blanketing Arab zip codes with how pro Israel Harris is, and Jewish zip codes with how she is a muslim plant.
While Trump very proudly has RFK boast of his desire to end the most stupid war the US has ever conducted, Trump is favoured by Netanyahu, including reported daily strategy calls on how to sabotage Biden's fake constraints policies. He is more likely to believe any benefits Netanyahu tells him of a full war on Iran/Lebanon/Syria over any prudence.
Trump's main claim for 2020 election "rigging" is that a Hunter Biden laptop existed, without anything implicating President on it. But republican rigging of misinformation, and vote suppression, just wasn't enough even though that nothing story was still all over the news.
There are serious problems with US electoral system, and it is orders of magnitude worse every cycle.
Just as the classified documents case, this would be grounds to put Trump in military jail, instead of pussyfooting around a corrupt justice system he appointed a large chunk of. DNC being a neocon fundraising organization is pro Trump if he is more pro Israel.
While every comment here seems to scream "end patents", arm has less patent bs than other tech (rounded corners) meant to sue/prevent use. Arm works hard on developing and improving architecture and designs to offer licenses at a compelling price. Qualcomm paying as much as other licensees should be preferable to Qualcomm than bankruptcy.
Zionists supremacists definitely control news media. OP is direct evidence of bias. But having ADL hate group as weekly guests after Oct 7. It's the total zionist supremacist monopoly on media that normalizes politicians "willing to blow donkey" extreme legislation, and Israel first loyalty oaths.
To deny the obviousness of the media's role in subjugating the US to Israel first rulership is precisely the tyranny of "not being able to criticize your true supreme rulers". Calling such criticism anti-semitic is Hasbara evil.