The FBI case against the Southern Poverty Law Center basically says that if you donate money to the SPLC, then they use some of it to pay informants to infiltrate white nationalist organizations to uncover stuff like this.
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@mekkaokereke @cmdrmoto @mathowie @MissGayle I was around when it started, and it started as a (rather naive) attempt at essentially a form of check where you could tell that the check was genuine *and* that there was enough money in the account to cover it just by looking at the check, no need to call the issuing bank or waiting for the check to clear.
Then the sales bros got their hands on it and turned it into an unregulated currency you had to buy with real money.
@tknarr @mekkaokereke @cmdrmoto @mathowie @MissGayle
The history of all currencies is that the governing body guarantees a legal standard, a legal tender. Trust is maintained by the reasonable stability of its value.
There isn’t much about bitcoin to speak for it.
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@cmdrmoto @mathowie @MissGayle
I wish! But unfortunately, no it's not.
Bitcoin was designed by fashy hyper-capitalist libertarian bros to extract money from vulnerable communities like sex workers, Black people, and refugees fleeing unstable governments, and the financial predators' plan worked.
None of Bitcoin's promises are real. It doesn't hide transactions. It exposes them. It's not less traceable. It's more traceable. It's not separate from the financial system. It's even more tied to it than cash. It's not harder to block than cash or diamond transactions. It's easier. It's not more liquid, it's less. It's not faster, it's slower.
The people that made the most money from Bitcoin, are the exact same hyper capitalist crypto fascist Venture capitalists that made it so that the current financial system doesn't work for sex workers, Black people, or refugees fleeing crisis.
There is no substitute for having a government that actually works for people. There is no viable separate but equal economy at scale. You can't fight nazis by making them all billionaires first, and then using their monkey money and fake banks to try to pay your rent.
I'll stop here, but I could go on.
@mekkaokereke @cmdrmoto @mathowie @MissGayle
“ There is no substitute for having a government that actually works for people. There is no viable separate but equal economy at scale.”
Bingo
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@tknarr @mekkaokereke @cmdrmoto @mathowie @MissGayle
The history of all currencies is that the governing body guarantees a legal standard, a legal tender. Trust is maintained by the reasonable stability of its value.
There isn’t much about bitcoin to speak for it.
@GhostOnTheHalfShell @mekkaokereke @cmdrmoto @mathowie @MissGayle Not as what it's been turned into, no. But imagine a system where the US govt. would buy and sell it for $X/BTC. That would lock the price of BTC to roughly $X. Now you have a "currency" with a known value that offers merchants the benefit of knowing the payment is good on the spot, without having to wait or deal with network outages or system failures or payment processors being dicks.
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@GhostOnTheHalfShell @mekkaokereke @cmdrmoto @mathowie @MissGayle Not as what it's been turned into, no. But imagine a system where the US govt. would buy and sell it for $X/BTC. That would lock the price of BTC to roughly $X. Now you have a "currency" with a known value that offers merchants the benefit of knowing the payment is good on the spot, without having to wait or deal with network outages or system failures or payment processors being dicks.
@GhostOnTheHalfShell @mekkaokereke @cmdrmoto @mathowie @MissGayle The cryptobros would hate it because there goes their ability to speculate on it, but oh well, sucks to be them.
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@GhostOnTheHalfShell @mekkaokereke @cmdrmoto @mathowie @MissGayle Not as what it's been turned into, no. But imagine a system where the US govt. would buy and sell it for $X/BTC. That would lock the price of BTC to roughly $X. Now you have a "currency" with a known value that offers merchants the benefit of knowing the payment is good on the spot, without having to wait or deal with network outages or system failures or payment processors being dicks.
@tknarr @mekkaokereke @cmdrmoto @mathowie @MissGayle
Right so bitcoin is being fixed in terms of dollars which is still the unit of account. Then transaction times of the system are so slow that they could never service the actual demand of the existing currency system for the dollar much less the world that dog doesn’t hunt.
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@tknarr @mekkaokereke @cmdrmoto @mathowie @MissGayle
Right so bitcoin is being fixed in terms of dollars which is still the unit of account. Then transaction times of the system are so slow that they could never service the actual demand of the existing currency system for the dollar much less the world that dog doesn’t hunt.
@GhostOnTheHalfShell @tknarr @mekkaokereke @cmdrmoto @mathowie @MissGayle this is typically referred to as a "stablecoin" - see USDC.
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@MissGayle @mekkaokereke @codinghorror @mathowie Actually Cixin Liu is credited with coining the phrase in 2008 and it was about life elsewhere in space. https://en.wikipedia.org/wiki/Dark_forest_hypothesis
@cmdrmoto @MissGayle @mekkaokereke @mathowie yes, I knew all that, and the series kinda sucks after the first book anyway.
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Is there evidence that gov't is harassing individual donors?
Is that enough to stop you?
Why comply in advance? It won't save you.
@tomjennings @raven667 @monkeyninja Donating anonymously to SLPC isn’t “complying in advance” wtf.
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@cmdrmoto @mathowie @MissGayle
I wish! But unfortunately, no it's not.
Bitcoin was designed by fashy hyper-capitalist libertarian bros to extract money from vulnerable communities like sex workers, Black people, and refugees fleeing unstable governments, and the financial predators' plan worked.
None of Bitcoin's promises are real. It doesn't hide transactions. It exposes them. It's not less traceable. It's more traceable. It's not separate from the financial system. It's even more tied to it than cash. It's not harder to block than cash or diamond transactions. It's easier. It's not more liquid, it's less. It's not faster, it's slower.
The people that made the most money from Bitcoin, are the exact same hyper capitalist crypto fascist Venture capitalists that made it so that the current financial system doesn't work for sex workers, Black people, or refugees fleeing crisis.
There is no substitute for having a government that actually works for people. There is no viable separate but equal economy at scale. You can't fight nazis by making them all billionaires first, and then using their monkey money and fake banks to try to pay your rent.
I'll stop here, but I could go on.
@mekkaokereke @cmdrmoto @mathowie @MissGayle “#Bitcoin (and other #crypto currencies) is like rat poison squared.” - Warren Buffett
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@mekkaokereke wait. Holy shit, in six years of having a charitable giving account I’ve never had my request refused by Fidelity. But it just happened. Looks like due to government litigation.
anti DEI legislation cuts deep.
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@mekkaokereke @cmdrmoto @mathowie @MissGayle “#Bitcoin (and other #crypto currencies) is like rat poison squared.” - Warren Buffett
@mekkaokereke
@ChemicalEyeGuy @mekkaokereke @mathowie @MissGayle You are literally quoting a rat who’s fat as hell on petrodollars
