Is he the one that let Garland die on the vine? or was that democrat arrogance that Hilary had it in the bag Rocket River
Not really, i mean i was alive back in... 2016 when all of this stuff happened and. I can confirm that's a no to both.
Yes this getting legislation passed is messy and not pretty but this is a situation where we have an issue that nearly everyone agrees needs to be done, raise the debt ceiling, and a bill passed by the Senate that addresses a need that nearly everyone agrees on, infrastructure. Playing games of brinksmanship and holding popular bills hostage to pass more controversial bills is the type of thing that gives Congress a very bad name and why Congress' approval ratings are not much better than COVID.
gotta love how wasteful debt-riddled boondoggles are given the "infrastructure" imprimatur and suddenly it's something nearly everyone agrees on Bitcoin fixes this of course. When you can on longer print money, hard choices are forced to be made re spending priorities.
there is zero public appetite for the level of taxation required to fund the government absent money printing money printing is the hidden tax, destroying the value of any savings held in dollars
Oh okay https://www.reuters.com/article/us-...on-very-rich-reuters-ipsos-poll-idUSKBN1Z9141 https://www.brookings.edu/blog/up-f...re-taxes-but-are-elected-officials-listening/ https://thehill.com/hilltv/what-ame...rs-believe-billionaires-should-pay-wealth-tax https://www.washingtonpost.com/opin...-popular-democrats-should-talk-more-about-it/ https://money.com/wealth-tax-rich-tax-rates-2020-presidential-election/
So I'm guessing that's what you thought about Trump's "Infrastructure week's" If Bitcoin is that great how come we measure the value of Bitcoin in US dollars?
The same reason English is the common language of the world and 65% (at least)of currency is based in USD. Only El Salvador has based Bitcoin as a currency so few actually view Bitcoin as a UOM. Currently Bitcoin is largely considered an asset and is very quickly being adopted as a settlement protocol.
please for the love of god. make a sincere comment on what you said here and the links posted in response. the wealth gap in this country is enormous.
yes, because of money printing, which inflates the dollar value of assets held by the wealthy (real estate, equities) and they never sell those assets, just keep borrowing against them to fund their lifestyle and buy even more assets so the wealthy get wealthier and the poor with no hard assets or savings get left behind all politics is trivial so long as the monetary policy is broken giant spending bills, low interest rates, government debt, dollar debasement, and the ensuing inflation will only hasten the transition to a bitcoin standard
Yes the USD is built off of the economic power of the US and backed by the full faith and credit of the US government. Bitcoin is backed by hype and as an asset with value measured by another currency. As I stated in another thread the government might as well switch to collectibles. Further given concerns about inflation the swings in value of Bitcoin and other Cryptocurrencies could lead to major inflationary or deflationary pressures that cannot be dealt with using other tools. Regarding El Salvador while they are using Bitcoin as a currency they are still using the USD also.
You're being disingenuous if you believe assets and collectibles are interchangeable. Gold is an asset, has and is used as a medium of exchange but it is not viewed as a collectable unless its in a form of art. However gold is not a currency and Bitcoin should not be considered a currency (which is my point about El Salvador). Just because it should not be considered a currency does not mean it can't be used as one. In 2011, only the extreme libertarians actually believe Bitcoin had a significant global role in the financial system. By 2013, the fringe libertarians started believing in Bitcoin. By 2017, capital started flowing in to develop Bitcoin and other crypto to develop financial products. Here we are in 2021 and Lightning Network has established a viable solution as a settlement layer. When a global solution to settle low cost exchanges rolls out, it will have a massive impact across the globe. I can't send $2.00 directly to a disaster victim in Tunisia because the overhead costs are astronomical. Instead, I have to send it to a scammy foundation like Red Cross or Clinton Foundation who absorbs vast amounts in 'administration' costs, which the remainder gets absorbed in out right fraud once it reaches the destination of disaster. This is just one example of countless exchanges that are subjected to large corrupt gateways. El Salvador is (allegedly) transacting $1,000,000 a day across their lightning channels. Here in America, that would be a 3% remittance saving. Its much higer in El Salvador. If those numbers are true, that is at least $10,000,000 a year being directly injected back into their economy instead of bankers. Lets give Twitter 6 months to see what their numbers come out to be using Lightning for their tip service. You dont need to own Bitcoin to benefit from its value. But hey, in the mean time, lets throw it in there with Pokemon cards, beanie babies and the Pet Rock.
