@blogdiva never forget that when the economy goes down, we the people don't go down. Its them the billionaires, and nothing could be better for us than that right now

@blogdiva I was watching the BTC bonfire today. It did hit 60K. Too bad it went back up.

If the collapse of a Ponzi causes the collapse of the economy then the economy was hollow and fake to begin with.

@blogdiva Bitcoin has slow transfers, high fees, and no privacy. It is very bad money.

If we had good money, if we had even ok money, if we had not-horrible money, then Bitcoin would be a technical curiosity.

The billionaires have debased the dollar to the point that anything else looks better by comparison.

Inflation benefits them. They can borrow against assets, and then just take out a bigger loan later to pay the old one. No, they do not eventually have to pay. Only the peasants do.

@blogdiva

>bitcoin billionaires are economics failures

like every billionaire

@blogdiva The U.S. economy has been grift-based for quite a while now.

@blogdiva On the plus side for them: They'll look less tasty to some folks

@blogdiva I always thought Bit coins were a have. Not REAL - in my mind. Still can't get my head around it. Did I miss much?

@blogdiva And let's be honest, crypto has only proven useful for criminals. I doubt ransomware would be a thing if it weren't for Bitcoin et al.

@blogdiva yeah because it's known the economy did not exist before crypt.... wait a minute xD

@blogdiva Agreed re: market correction. Overdue really.

@blogdiva

can't happen soon enough

same for AI bullshit

@blogdiva Bitcoin is a negative-sum game. There’s zero intrinsic value or utility in a bitcoin, and the whole system cost enormous amounts of power to run. The destruction of value is inevitable.

@blogdiva
There are still some hard-line real economists in positions of power, let's hope they survive long enough to hold a line.