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In most of the world Bitcoin is banned for payments.
Then most of the world will be poor. It's all part of the process.
Can't follow your logic...because there is none. You do not support your assertion with evidence or logical argument. You assert that Bitcoin MoE must inevitably result in superior economic performance and yet the global fiat debt slavery extraordinary privilege exercised by the USA has supported and extended its empire, power, hegemony and wealth for many decades compared to if it had reamined on even a nominal gold standard as was the case until 1971. Please explain how BTC MoE must inevitably result in stronger economy- but I am assert that you simply cannot do that.
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The protocol inevitably results in a higher price because there's a limited supply. From the subjective view of the individual holder, their economy became stronger because their stored energy increased in purchasing power.
yet the global fiat debt slavery extraordinary privilege exercised by the USA has supported and extended its empire, power, hegemony and wealth for many decades compared to if it had reamined on even a nominal gold standard as was the case until 1971
There's a lot of factors that go into US hegemony. My point is that the price of USD is going down. The price of every fiat currency goes down compared to BTC because the government currency is getting stealth taxed. So if everything else goes to zero, as designed, then Bitcoin is the only surviving currency. The economy overall has to be considered separately, because the trend to BTC dominance was inevitable.
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I agree with you up to a certain point. Yes, fiat tends strongly toward debasement as the privileged operators (bankers and governments) can and do almost always abuse this privilege they possess of leveraging the savings of all their captive citizens. But as you acknowledge there are multiple factors involved in hegemony- hegemony gives you advantage- you can set the terms of trade, you can force all other nations to denominate trade payments in your currency or risk sanctions, you can do a whole fuck of a lot of market rigging BS when you enjoy hegemony over other nations- and they all do it! So in the real world power and wealth is not distributed in a fair and free market- it is to a large extent distributed via dictates issued and applied by the dominant power. Military force or the threat of it over rides pure free market mechanisms. In this real world where nation state power projection is at least as important as free market forces fiat money bolsters a nation state power projection capacity and as a result bolsters the wealth and security of its citizens. Not to say I do not love the ethics and fairness implicit in Bitcoin- but to acknowledge DNA and survival of the fittest is a fucking ruthless imperative...and its the one we are dealing with. Can Bitcoin fix this? The honest answer can only be a hopeful and optimistic, maybe.
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In this real world where nation state power projection is at least as important as free market forces fiat money bolsters a nation state power projection capacity and as a result bolsters the wealth and security of its citizens.
Before the state does anything, there's a transfer of wealth from nation to state. The state is its own beast. It's a parasite-host relationship. As long as the distribution of wealth is a collective decision, that means citizens have no wealth and no security of their own.
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No- it is a symbiotic relationship. Like Algae. Like life. Like DN fucking A
'Living organisms have never been solitary individuals and symbiotic relationships are challenging our very conception of the individual. Symbiosis, initially defined as a living together of different organisms (De Bary, 1879; Raval et al., 2022) represents a range of complex and intermingled relationships (mutualism, commensalism amensalism and parasitism). Although actively debated with numerous theories on the origin of eukaryotes, it is widely accepted that a metabolic symbiosis and successive endosymbioses were important in the evolution of eukaryotes and their diversification (Hartman and Fedorov, 2002; Sapp, 2004; Embley and Martin, 2006; Cenci et al., 2017; Sibbald and Archibald, 2020; Gabaldon, 2021). Thus, symbiosis conceptually challenges our view of the processes of evolution, beyond mutation, recombination and natural selection (Margulis and Fester, 1991). The most studied symbioses involve complex eukaryotes and microorganisms in both terrestrial and aquatic habitats (Bais et al., 2006; The Human Microbiome Project Consortium, 2012; Blackall LLW, 2015), but a growing number of studies reveal ubiquitous symbioses among microscopic life forms (Decelle et al., 2012; Foster and Zehr, 2019). With its diversity and outcomes combining metabolic capabilities of interacting partners, symbiosis is recognized as the most important evolutionary process that has allowed the appearance of new genomes/species throughout the history of life on Earth (Kiers and West, 2015; O’Malley, 2015).
Some symbioses are key to the existence of entire ecosystems such as the interactions underpinning the success of coral reefs, the cnidarian-algae mutualism that provide habitat for roughly one fourth of all marine life (Blackall LLW, 2015; Frankowiak et al., 2016). In this symbiosis, metabolites from the animal host (corals, sea anemones, jellyfish, and hydrocorals) are exchanged for microalgal exudates (Davy et al., 2012). Another symbiotic interaction that deserves greater attention in microbial networks is between parasitic fungi and phytoplankton as it has a significant impact on ecosystem functioning. These symbiotic interactions cause the transfer of photosynthetic carbon to infecting fungi and the stimulation of bacterial colonization on phytoplankton cells, altering ultimately bacterial community composition and subsequently carbon flow (Tourneroche et al., 2019; Klawonn et al., 2021). Although artificial, a beneficial symbiotic interaction was reported between the freshwater chlorophyte, Chlamydomonas reinhardtii and diverse ascomycete fungi that provide nitrogen to the algae (Simon et al., 2017). Recently, similar artificial symbiosis was reported in the marine microalgae Nannochloropsis oceanica and a terrestrial fungus, Mortierella elongate. Here, an unusual interaction takes place as functional algal cells are included within fungal mycelium, while in all known algae-fungus interactions, the algal cells remained external to fungal hyphae (Du et al., 2018; Du et al., 2019). This study showed the stability of the interaction with a bidirectional exchange of nutrients suggesting this could be the beginning of an endosymbiogenesis within eukaryotes.
Despite this recent recognition and striking importance, symbiosis received less attention compared to other fields of investigation and remains largely unexplored in particular in aquatic biota where the nature of the environment, fluid, represents an additional challenge. The advent of symbiosis as a critical area of research is challenged by the difficulties in maintaining symbiotic partners/holobiont alive in lab cultures, in particular for obligate interactions when both partners are dependent on each other for survival. Often, commonly used culturing techniques are not suitable to species in symbiotic relationships. The lack of knowledge about their genome background and metabolic capabilities, to predict their nutrient requirements and culture conditions, hinders the progress in this field. However, recent and rapid advances in whole genome sequencing of either individual species and/or meta-communities helped to overcome some of these bottlenecks, using data mining for designing custom based media that fulfill the needs of symbiotic organisms (Leon et al., 2014; Jaswal et al., 2019; Lugli et al., 2019). Another fundamental boost is undoubtedly the existence of established model organisms that open up novel avenues of investigations, which would otherwise be impossible or at least difficult to achieve. A recent study that used both metagenomics sequencing and a model species, the diatom Phaeodactylum tricornutum, successfully identified an overlooked symbiosis between microalgae and non-cyanobacteria diazotrophs (NCDs) which challenges the long-held paradigm of dominance of cyanobacteria interactions with microalgae over NCDs and brings the first hints on how heterotrophic proteobacteria thrive in surface waters and oxygenated areas (Chandola et al., 2022).'
Biology is the basis of economics.
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