I was asked for a "Bitcoin Redpill."

Where to begin?

Money.

Money is fabricated by the State.

The State controls the supply of Money. This is true whether or not there is a bank managed directly by the United States Federal Government. (The Federal Reserve.)

Now there are people who are Bitcoin fanatics.

There are people who are Trump fanatics

There are people who are Yudkowsky fanatics.

A reputation doesn't have to be deserved. It generally is deserved, in fact. (Believe Women.) (Not All Women.)

Bitcoin's price can be manipulated by anyone with enough real money to buy a lot of it, driving up the price, or sell a lot of it, buying down the price.

At this moment the United States Government could sell its Bitcoin. In this way it has power over the market.

There are too many false beliefs in the dO - G - M A of Bitcoin. Bitcoin is intended to be a libertarian's escape from the state's control over money. Unregulated markets are worse than regulated markets. Even regulated markets can't avoid capitalism's boom-bust cycle which is essentially just a continuation of the logical exponential-rise exponential-fall dynamic of nature itself. (the problem with capitalism is Capitalism: the capitalist ideology which obscures the truth of our situation from one another as one of the Boomer Mind Fogs: confusion in our politics owing to the Boomer Ideological Apparatus continuing to operate far past its useful functioning. We can't keep relitigating Communism the straw man and Capitalism the straw man because that's Cold War thinking.)

(leftists who are capable of working within the system tend to be socialist at best: committed to a firm public good, the funding of a better and more aesthetic life for our children through taxation.)

(Rich people view the state as a competitor when they should look at it as prey to a predator. Oh. They do look at it with that fear, that's why they want their man or woman on the government face.)

Point is Bitcoin poses no threat to any sort of world order because at its _best_ it's just Money, again, but with significantly more weaknesses and the weird strength of being Internet Money which just makes it more easily communicated as a fanatic point.

See like many god-darn self-righteous leftists, the crusade of Bitcoin isn't objectionable by premise. "Trans people should be allowed to do what they like with their bodies" is reasonable to most reasonable Americans. It makes our society more cyberpunky that drug deals are done with online money. There is nothing stopping the US Government from subpoenaing Coinbase. If you're a suspect of interest they will find the transaction point at which you purchased the Bitcoin with USD because the US Government _created_ USD! In this occult sense the US Government will always be capable of _finding where it goes_ because... it has to turn up somewhere, right? Coinbase has to tax it, account for it, whatever.

In this regard, Bitcoin is credibly a success. Drug deals.

But the crusade is about overturning the financial system to establish a new financial world order, and this is an incoherent concept because money only exists to further the interests of the state which prints it. Duh. (Rich people are merely servitors of the State.)

No state controls Bitcoin, so it's a money that any government can control simply by buying and selling it with real money.

It's like if we allowed Russia to print or remove USD from our economy and had no choice over the matter!

This would make Bitcoin an interesting failure.

Bitcoin is a speculative asset. It compares, then, to the model of a stock market: it has a price, which fluxuates.

But a _stock_ has inherent value.

STOCKS

PRINT

DIVIDENDS

You get money from a stock, like a little trustworthy cow you can milk, and you are now, if you own a stock, an investor: on your way to financial stability.

THIS

IS

COMMUNISM

The good kind: collective ownership of the public corporation.

all corporations should be publicly owned. end private ownership of corporations.

(The problem we face right now is wealth inequality. To reduce wealth inequality, take away the money from the rich people because they failed and the money doesn't belong to them it belongs to the state.

so you watch as the cabinet is filled with rich people

and the "isolationists" immediately think of war in Mexico

everyone over 65 out of government

Bitcoin prints nothing. It's a speculative asset without any inherent value. Gold is beautiful. Bitcoin is interesting, but valueless.

Because what has happened is a stupid rich person decided to try to control Bitcoin's price and drive it up. Without his support, Bitcoin would likely have crashed already.

Because Bitcoin will only ever be a speculative asset, it will be perpetually captive to an especially harsh and voracious boom-bust cycle. Because it does not print dividends, it's strictly speaking worse than having your money in the Stock Market.

Because Bitcoin's price is tied to the flow of money into Bitcoin, it must follow normal market cycles. It can neither cause a bust or be busted by the market itself. It is simply part of the market, and rises and falls with the market.

The stockmarket is overvalued. Inflation will return with tariffs. We just decided to put an old man back into power despite the clear evidence that this is just a bad idea which will lead to more people in the United States dead, not because any of us want it, but because the violence spiral which has passed through Trump (and therefore must be stopped at Trump) is only intensifying.

Vance is a reasonable compromise but it should happen soon. After the market has crashed.

I hope to God Biden drops Bitcoin just to make a point. Did you hear about that? Bitcoin confiscated by the US Government has passed to a wallet which can sell on Coinbase.

At any point Biden himself can drop the price of Bitcoin. I hope he does it. I hope he pardons Luigi. The longer Trump is headed towards the presidency, the more dangerous it will become. Be peaceful! God loves you!