Tuesday, 12 October 2021

Cryptocurrency is Capitalism and so suffers from the same problems as Capitalism

https://insights.glassnode.com/bitcoin-supply-distribution/?fbclid=IwAR0C6lvTv8sgDQpd7gOp-5bz3Iv-Zlkz0qZswJ72NgJLPtC6SMFbsIvtsIw

Crypto currency is much touted as the saviour of the masses rescuing them from the corrupt elite banking system but unfortunately it works by free market and so obey Pareto Distribution (80:20 rule) and so is inherently unequal and unfair. In Bitcoin in Feb 2021 2% controlled 71.5% meaning 98% squabble over the remaining 28.5%. And this will just get worse and worse cos the shrimps are most likely to need their money and so sell, and the humpbacks most likely to have gained spare cash and so invest. Whatever the benefits of Crypto they are being reaped by the wealthy. One day people will realise that the problem is Capitalism itself and Adam Smith was the Prophet of the most evil system ever launched on the human race.

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US displaying its Imperialist credentials... yet again

Wanted to know the pattern of UN votes over Venezuela and then got into seeing if ChatGPT could see the obvious pattern of Imperialism here....