@serapath @fleeky @bhaugen @powersource I’m not sure why anyone would want to hodl bitcoin. They’re dead. Sorry to say it. Prices aren’t gonna go back up
Buy some drugs with it that’s their use case
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@Zackstarkid @fleeky @bhaugen @powersource
Bitcoin is at an all time high. It is as high as it never was in its 15 years history and it always went up.
https://bitcoin.zorinaq.com/price/
What else is Bitcoin?
Its a leftist trojan horse project the capitalists are adopting - without realizing they are ending their money printer privilege and hence it is the end of the capitalist class as such
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@serapath @fleeky @bhaugen @powersource how does changing currency systems in any way whatsoever transform class relations?
The problem isn’t that the rich have money. The problem is that the rest of us have jack shit while they protect their property with police and guns.
One single conversation with my grandmother is better leftist praxis than the entirety of the bitcoin project could ever dream to be
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@Zackstarkid @fleeky @bhaugen @powersource
The issue is not just that the capitalist class has all the money, which is true. They have also the money printers.
So IF we start successful unions or worker coops or mutual aid networks or all of it and create in alternative ways - as soon as that becomes actually threatening, they will use their money printer to print as much as is needed to pay insane salaries to folks who help capitalists. They will pay enormous amounts to campaign against
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@Zackstarkid @fleeky @bhaugen @powersource
They will create companies with fake stories that pretend to be just as "alternative" as the real unions, worker coops, mutual aid networks, etc...
They will offer the same products and services at any loss to prevent people from buying from the new real alternative so they can starve those alternatives... and so on.
If capitalists can print money, there is no way to win, but once that privilege is gone, you can finally outcompete them
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@Zackstarkid @fleeky @bhaugen @powersource
I'm not saying bitcoin is the solution. It is far from it. I perceive it as a first step to have a currency that is NOT controlled by the capitalists and where everyone is the same - no special class of printer people.
And then we STILL need all the mutual aid, worker coops, etc... to replace the crap capitalist economy we currently have, but every inch won cant be undone just by printing money, so capitalists will lose at some point then :-)
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@serapath
Have you read any Marx?
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@bhaugen
I am german and my friends dad has had a copy of "Das Kapital". i have read many excerpts and summary and looked up stuff and skimmed through it, but havent read it in its entirety cover to cover. why? 🙂
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@serapath
Don't need to read it cover to cover, just need the part about surplus value.
If you grasp the outline of how capitalism works, it would help your analysis of how money works. As in, capitalists can happily profit from bitcoin as well as any other form of money. All they need is surplus value from underpaid work.
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@bhaugen
Times changed. Marx work is brilliant, but capitalists true power was hidden back then.
Digital payments werent a thing, so private banks didnt have such enormous global printing power yet AND these were early days, so nobody could imagine capitalistd would just use debt/loans to create money without end for themselves to pay us salaries and buy everything to enrich.
yes they pay us low salaries, BUT where do they even get the funds to pays us. loans that get never paid back
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@bhaugen
global debt is 307 trillion
https://www.reuters.com/markets/global-debt-hits-record-307-trillion-debt-ratios-climb-iif-2023-09-19/
but global public debt is only 100 trillion
https://unctad.org/publication/world-of-debt
its crony politicians spending tiny shutup moneu on the public, but the rest into their pockets. but private capitalist debt is 200 of 300 trillion
this is the real steal and how they can pay us in the first place. something marx couldnt know, but if he would know those numbers and had the historic charts, woupd have written on the front cover
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@serapath i don't give a flying fuck, stop @'ing me about bitcoin or I'm gonna have to block you
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@powersource this guy just doesn't stop talking about Bitcoin. Sorey I forgot to remove you in one message. By the way what's PZP?
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@immibis check out @pzp
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