Notices by mk (mk@mastodon.satoshishop.de)

@fuknukl @stsmith01

she gave a howto on not to become a cat ladie.

@N.Morgan

banks are literally systems of control.
https://mastodon.satoshishop.de/@mk/114420386427918597

@bricsinfo

you will never win, because you started a genocide against muslims in the center of the worlds muslim population.

@N.Morgan

why are the egg prices so high?!?!?!?!
https://mastodon.satoshishop.de/@mk/110677362372731760

@N.Morgan

do this in california and the criminal will probably win a lawsuite against you for breaking into your house.

@ThatCrazyDude @magicalthinking @Sophistifunk

gold backed money doesn't mean money made out of gold.

it means you give me gold and i give you a IOU that's worth the amount of gold that's printed on it.

here's how gold backed paper-currency started:
https://mastodon.satoshishop.de/@mk/109899681067059271

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god damn you're retarded..read a book, faggot.

@ThatCrazyDude @magicalthinking @Sophistifunk

gold backed money doesn't mean money made out of gold.

it means you give me gold and i give you a IOU that's worth the amount of gold that's printed on it.

here's how gold backed paper-currency started:
https://mastodon.satoshishop.de/@mk/109899681067059271

@ThatCrazyDude @magicalthinking @Sophistifunk

"well then we're talking fiat"

what's your position?
gold backed IOUs can only exist in paper and not in sql databases, because you can print paper not as fast? is that your position? if yes, it's retarded.

@ThatCrazyDude @magicalthinking @Sophistifunk

"They're kinda short on metal ;)"

who said anything about metal?

have you heard of sql databases?

@ThatCrazyDude @magicalthinking @Sophistifunk

for example...

just giving people a convenient to store their wealth in bitcoin while paying bills with debt (https://mastodon.satoshishop.de/@mk/113905246862572501) would be a very valueable financial service for a lot of people.

@ThatCrazyDude @magicalthinking @Sophistifunk

on top of a gold backed currency switzerland could also make access to bitcoin easier.

you can give bitcoin to your bank.
they store them for you and give you bitcoin IOUs to make lightning-fast bitcoin transactions.

basically what https://lnbits.com/ does but with fiat/crypto/franc instant trading capability.

there's HUGE amounts of money to be made in financial services in the future.

switzerland would be retarded not to cash in on that.

@ThatCrazyDude @magicalthinking @Sophistifunk

"since they can't possibly have enough gold"

unless they don't print more swiss franc than they have gold...

"the frank would quit simple become practically worthless."

how? how does high demand of the swiss franc make it worthless?

@ThatCrazyDude @magicalthinking @Sophistifunk

what do you think would happen if switzerland announces that their currency is going to be backed by gold?

there would be a huge demand of swiss franc, the price of gold would skyrocket.

fiat currencies would massively devalue against the gold backed swiss franc.

@ThatCrazyDude @magicalthinking @Sophistifunk

"fight fire with fire"

hmm. i don't think this matters anyway, because they fiatmoney-world is going to hyperinflate anyway.

the country that embraces hard money first will probably come out ahead of everybody else.

@magicalthinking @ThatCrazyDude @Sophistifunk

definitions

capitalism
economic action to be coordinated in a decentralized manner via price-forming markets.

socialism
economic action to be coordinated in a centralized manner via a centralplanner.

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when the government dictates prices via subsidies we call it socialism, right?
how is the same thing with tarrifs NOT socialism?

@mitchconner

nigger should say faggot next !

@mrman takes only 70 mins comp to 700 mins

@PNS

i'd rather not be the "world diddling champion", thank you.

@Bob_Smith

who has the power to suppressed information on a national/global scale?

@Ghislaine

first $1200 stimulus check traded for bitcoin (0,179 btc) is today worth $17184.