Article Image
IPFS News Link • Bitcoin

The Bitcoin Energy Debate Is One Of Freedom Versus Servitude

• https://www.zerohedge.com, by Tyler Durden

In the most recent edition The Crypto Capitalist Letter I cited Elizabeth Warren's comments in a senate banking committee meeting where she said

"Digital currency from central banks has great promise. Legitimate digital public money could help drive out bogus digital private money, bogus crypto currencies"

My remarks were that as a creature of the state she has it exactly backwards. This is predictable. For years I've been saying that the most oft-used criticisms against Bitcoin (backed by nothing, ponzi and tulipmania) were more accurate descriptions of the US dollar, social security, and meme stonks, in that order.

In TCC we spend a lot of time thinking about the coming bifurcation in digital money: how Central Bank Digital Currencies will be the rails for things like UBI and welfare dependency while crypto currencies will be actual stores of wealth and capital formation.


https://www.wealthbattle.com