Bitcoin drives Bitter Containment
Bitcoin is self-contained, thus highly-volatile, thus a tyrannical money-pump
By Scaliger
***
A Self-contained currency is a money-pump
The greatest problem with Bitcoin is its inherently high volatility. High volatility is exactly what speculators are after, in order to milk capital out of the public in a repetitious and perpetual manner, thus the metaphor of a money pump.
Bitcoin is far more volatile than state currencies, because it is not adjusted to the productive GDP,
i.e. to goods/salaries, since no taxes are payable in Bitcoin. Thus Bitcoin is a self-contained currency
Bitcoin pervades ubiquitous surveillance
The very scheme of a bitcoing transaction, forces the user to remain with realm of high-bandwidth communications while carrying a powerful computer.
By Scaliger
***
A Self-contained currency is a money-pump
The greatest problem with Bitcoin is its inherently high volatility. High volatility is exactly what speculators are after, in order to milk capital out of the public in a repetitious and perpetual manner, thus the metaphor of a money pump.
Bitcoin is far more volatile than state currencies, because it is not adjusted to the productive GDP,
i.e. to goods/salaries, since no taxes are payable in Bitcoin. Thus Bitcoin is a self-contained currency
Bitcoin pervades ubiquitous surveillance
The very scheme of a bitcoing transaction, forces the user to remain with realm of high-bandwidth communications while carrying a powerful computer.
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