The European Central Banks Attack on Bitcoin! episode artwork

EPISODE · Oct 23, 2024 · 14 MIN

The European Central Banks Attack on Bitcoin!

from The SatsMate Stack · host Paul SatsMate

Hey All, Not too long ago we saw the ECB come out with a damning whitepaper on the distributional consequences of Bitcoin. It is funny how many of these bankers historically have called it a scam, now come out crying how it is a threat to the new world order's financial system. I see this as a big win for bitcoin, because even the smarter central bankers are starting to see the writing on the wall. That doesn't mean that we can rest on our laurels. In this podcast, I discuss the following important topics: Early adopters win at the expense of latecomers and no-coinersWeighing these considerationsSpecifically, they are stating it is a 0-sum game, and there is no net new activity being createdExacerbate social equality, and how Bitcoin could lead to destabilizing effectsAttacking how the original vision of Bitcoin was to be a better payment system, and how Bitcoin has failed at thisDiscussion of Base Money & El SalvadorFinancial Inclusion in El Salvador and other developing countriesECB paper drives at scrutiny to mitigate unfair wealth distributionTechnological divideProposing regulatory measures to manage the negative impact on societyHuge benefits against inflation and monetary policy mishaps by the governmentBitcoin is against economic fairnessWhat is against economic fairness is fiat currency! Monetary Policy CritiqueAs Bitcoin price rises even further, traditional economic tools will not influence economic conditions as easilyAs bitcoiners we want decentralization, no more currency debasement, privacy, and financial freedom, and a lack of inequality due to economic policy all on a permissionless network I hope you all enjoyed this one! Best Regards,SatsMateReferral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMatePrimary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.https://use.foldapp.com/r/HTFKVY9LBrowser Extension Slice: Earn Satoshis for ads and surveys you browse.https://addslice.com/?crew=f5n2V5EILolli Rewards: Earn sats by using a linked card at participating vendors https://lolli.com/share/PQFAMMhttps://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzjFinancial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decisionSend us Fan MailSupport the showYoutube: SatsMateX: SatsMateInstagram: SatsMateswebsite: https://satsmate.wordpress.com/

Hey All, Not too long ago we saw the ECB come out with a damning whitepaper on the distributional consequences of Bitcoin. It is funny how many of these bankers historically have called it a scam, now come out crying how it is a threat to the new world order's financial system. I see this as a big win for bitcoin, because even the smarter central bankers are starting to see the writing on the wall. That doesn't mean that we can rest on our laurels. In this podcast, I discuss the...

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The European Central Banks Attack on Bitcoin!

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This episode was published on October 23, 2024.

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Hey All, Not too long ago we saw the ECB come out with a damning whitepaper on the distributional consequences of Bitcoin. It is funny how many of these bankers historically have called it a scam, now come out crying how it is a threat to the new...

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