@realcaseyrollins New constitution: "Fuck the police, YOLO. Money is now obsolete too mother fuckers"

@realcaseyrollins
It is actually a bit rude, have a look at our wall. Tell us if it screams "bot" you.

We assume you are not aware of yesterday's blatent admission by #theFed chairman that we are going to be beholden to a neo-feudal system moving forward?

And people think changing a few #streetNames is going to give them control. "Its the #prison we made ourselves!", they exclaimed.

The world puts up with the violent child (aka the US), regurgitating trash daily, but we're a bot? Lol
@freemo

@realcaseyrollins @freemo
Its okay though. We all make mistakes.

We thought some people were bots on here. What made you think we were a bot?

@dsfgs
Yeah it's just that a few times you've responded in threads of mine with lengthy toots and lots if hashtags, talking about something that's not the subject of the thread. I sort of thought it was possible you might have been some sort of not that searches for a keyword and posts a prewritten message as a reply (for instance, posting a long toot about the Fed when the word "money" in mentioned). But IDK maybe that was a stretch.
@freemo

@realcaseyrollins
Freemo mentioned "Money is obsolete".

We agree. #Fiat is dead.

Fiat is #latin for "Let it be so". If there's anything worth protesting its, #LetItNotBeSo or #HardCurrencyMatters, but no, the blinkers are on and #protesters are falling back into line with #LeftWhite, #BlackRight tropes.

#UScitizens can't seem to stop falling for the same #divideAndRule tactics.

#TheFed can admit they'll #bailout their #billionaireClass and people do nothing.

Hashtags are for search.
@freemo

@dsfgs

I wasnt actually claiming money/fiat is dead. I was mocking the leftists who, if they got to rewrite the constitution, would outlaw money. Which in my mind is laughable.

@realcaseyrollins

@freemo
They would do well to outlaw money in the form it is today though. If people really want a #FairGo they'd do well to imprison the Federal Reserve actors.

They should reinforce the "hard money" quote in the #Constitution. #HardMoney being gold or a limited crypto like bitcoin.

#whitecollarcrime #confidencetrick #fraud #counterfeiting #assetInflation #multiLevelMarketing #pyramidScheme #moneyLaundering #doingGodsWork #jeffreyEpstein #oppression #castSystem
@realcaseyrollins

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@dsfgs

I disagree, though do agree that the feds shouldnt be the ones controlling the money supply, but not the rest.

Putting aside Bitcoin has countless issues as a replacement to cash and simply wouldnt do it, and other cryptocurrencies improve on some of these issues but have their own problems... gold isnt a solution either. In fact gold is a large part of what got us into the great depression and moving us away from it saved our asses.

We do need money and we do need the ability to print and distribute that money when it is beneficial to do so. But there are valid arguments to take that power out of the hands of the feds and privatise it in some way, at least in theory.

@realcaseyrollins

@freemo
You seem confused about The Fed. The Federal Reserve *is* a private entity.

Can you be more precise about why you think bitcoin cannot work as a #settlementLayer.

With Lightning it can scale.

With AtomicSwaps you're able to trade between different cryptos also.
@realcaseyrollins

@dsfgs

Not confused. It is a bit of both right now. The Board that is at the top most level and in control of the federal reserve is appointed by the president. Below that are a collective of privately owned banks, regulated (and thus controlled in a sense) by the board that sits above them within the federal reserve.

As such it isnt entierly fair to call them an entierly private entity, though that does hold some truth to it as well.

I was generally suggesting that there is some merit in eliminating the top, government owned lawyer. Let them print their own money as a wholly private entity if they want, but also allow other private entities to produce their own competing currency if they wish as well. True privatization.

@realcaseyrollins

@freemo @dsfgs @lnxw37a2 @realcaseyrollins the difference is that BTC's inflation is bounded and monotonically decreasing whereas a central bank has no such limitations.

@hector

Not entierly true. The only thing montonically decreasing about it is the amount of computing power needed to execute it.

As new ASIC designs are developed and advancements in computer come about there are (and have) been peoples where the actual production of bitcoin has increased rather than decreased over time.

@dsfgs @realcaseyrollins @lnxw37a2

@freemo @dsfgs @realcaseyrollins @lnxw37a2 in real time, of course there are minor deviations from the schedule. But the difficulty adjustment algorithm will correct those within 2 weeks, or faster in the case of Bitcoin Cash.

@hector

Not really true. From midway through 2011 to midway through 2013 the value which defines "difficulty" remined flat in fact it went down very slightly.

But in that time advances in ASIC were also also significant so the total rate at which bitcoins were being mined was steadily increasing rather than decreasing. This wasnt a 2 week period we are talking about, that went on for 2 whole years.

@dsfgs @realcaseyrollins @lnxw37a2

@freemo @dsfgs @realcaseyrollins @lnxw37a2 well that is in the past now and I question if the impact on the inflation schedule was significant in that time period anyway. Regardless, the point is that *unexpected* inflation is controlled for in most cryptocurrencies and there is an upper limit to currency supply, already a vast improvement over fiat. Keynes sucks over long timescales. Austrian economics is better.

@hector

Its hardly the past. There is no protection in the system that woudl suggest it wont be the norm, it also wasnt the only time that happened.

Ultimately the rate of inflation is a value set by consensus, nothing more. and inflation is built into the system to happen into the future.

@dsfgs @realcaseyrollins @lnxw37a2

@dsfgs @freemo @realcaseyrollins In recent decades, those attacks and invasions are rubber stamped by Congress. Short of 'declaring' wars, but still important, as the President can only commit to very short term attacks without congressional approval.
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