i remember on Chris Martensons site "peak prosperity", he quoted how each and everyone of us has the equivalent of 200 slaves working for us each day in terms of fossil fuel use. one of the best ways to tackle climate change is to lower the population! then there is less pressure on the forests and the oceans and atmosphere ,etc. i think the most efficient way to do whilst maintaining full employment is to back global currencies with either gold or bitcoin. currencies that are hard will mean smaller government, smaller military, smaller financial sector etc. i know a lot of us are biased toward bitcoin, but its also important to be intellectually honest as gold will probably work as well. i think by saying the answer lies with either bitcoin or gold or both, then bit-coiners cant be labelled as "nutters" and actually gives bitcoin more credibility. in Australia we will have experts on the tv saying that we need to increase the population to increase economic growth and then we will have another saying we need to lower carbon emissions, both experts with tunnel vision, each contradicting the other. renewables aren't enough as we are hopelessly addicted to fossil fuels. you have to lower the population and currencies have to become hard currencies.
bill frodo 194 manufacturing
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I've previously thought that a meme attack is a good way of attacking bitcoin. if the perception among the masses is that it uses too much power, then that's it!.it might not be a logical argument but if it sticks then that's all the matters. it should be countered with simple but true memes like: "bitcoin means net lower carbon emissions" (given the efficiencies that hard money brings). or "bitcoin means small government" or "bitcoin means small military and no wars". currently this is a good test for bitcoin.
where are the Australian banks in this crypto space.? i always get this impression that in the Australian financial sector and real estate sector its populated with a "closed shop" mentality and control freaks. i imagine there could be a lot of resistance to crypto in the Australian banking system. Aussie belief that property only ever goes up borders on insane.
it would be good if we could have a discussion about btc becoming the global settlement currency , how it would happen, how we would get there and for a moment the naysayers just suspend their disbelief, because it could be informative.
2019 capped the hottest decade on record. i think as things heat up, more pressure may come on bitcoin because of its energy use. is there evidence, that a bitcoin world will net actually use less energy?. i imagine financialization will decrease and bond markets will actually signal available capital more efficiently. In Australia we have this constant drum beat of growth, growth growth (whether that be population or gdp) and i think its tied in with the keynsian economists in government and the fiat banking system. it would be interesting to hear what others think
i think a possible avenue for attack on bitcoin will be the "meme" "bitcoin uses too much power" . (like how they got Al Capone via tax) i think this risk will increase as the environment worsens and temperatures rise. it could come from government or "greenies" ignorant of the efficiencies bitcoin could bring to society, but with some truth in it. maybe those involved in bitcoin could fend off such an attack by endorsing thorium nuclear power or the training (long time preference) of nuclear engineers etc
thinking of slogans that appeal the "rat brain" (copying some historical figures prose style - thinking of churchill)
is big money put off btc by the risk of sending btc to the wrong address? how does one minimize this risk?