Money talks, bullshit walks!

ALTMONEY

MONEY IS THE SIGNIFIER THAT ANNIHILATES EVERY SIGNIICATION. It is the first commodity to escape use value, and become a sign. Everything gets measured in money, even Bitcoin (which is the latest step in its evolution). The medium has become the message. As the old expression goes, "Money talks. Bullshit walks."

Once upon a time, as Jean Baudrillard said, money had a referent, the gold standard. That ended in 1971, and since then money has become purely speculative. Bitcoin is the first step to retether money to the actual economy. It brings money back to earth, giving it concrete value.

If you want to understand why decentralization is important, you need to understand all the problems that centralized money/currency causes: inflation, wealth inequality, poverty, stealing from the poor and giving to the rich, Cantillon Effect, interfering with market efficiency.

— Martian (@jdmarrs) November 8, 2022

The rise of Bitcoin will as Lyn Alden says release, the American dollar from the clutches of Triffin's Dilemma. It will be the greatest debt jubilee of all time.

MONEY IS THE MEDIUM OF TRADE

ACCORDING TO THE Hayekian perspective, money is a communication tool. It is not a product to be consumed; it is the medium through which economic activity can take place, and for capital to be accumulated.

Without the use of a common currency, there would be no concept of price. And without the concept of price, it would not be possible to do any range of economic calculation. Inflation distorts price signals, making valuation more difficult. It erodes wealth and drives investment bubbles (such as real estate).

RICH measured in $. WEALTH measured in TIME. Example. Most people think $1 million is rich. But if expenses are $100,000 a month wealth is only 10 months. QUESTION: HOW LONG CAN YOU SURVIVE WITHOUT WORKING? Thatís how wealthy you are. Being WEALTHY more important than being RICH

— therealkiyosaki (@theRealKiyosaki) May 2, 2020

Of course, wealth is only a step towards power, and I believe that they are mathematically connected, two different variables in an equation. Fame is another derivative of wealth.

Money = power = fame.

Your Right to Personal Data

AS ROBERT KIYOSAKI SAYS, you will never get rich working for someone else. You won't get rich by running your own business, either. To really get ahead, passive income is the name of the game... you need an investment stream. At the moment, no investment offers better returns than one's personal data.

Data is where it's at... it's the greatest commodity of our age. With the Brave browser, you can earn money just by viewing ads. I earned 1BAT (US$0.20) one week doing just that... it might not sound like much, but it all adds up. With Presearch, you can earn money from searching. Nonetheless, it is still at the scavenger stage of things... to really get ahead you need to leverage yourself, and multiply...

To take a Kiyosakian angle, it is much wiser to invest in your data, let it earn interest, than just to sell it off now. Even better, acquire the data of others, and then invest in it. That is Google's business model, as well as Facebook's. They hoovered up personal data, without even worrying at first about how to monetize it. Once such companies had become ubiquitous, they could bank on their brand, bank on their name. That's the Patelian approach.

Data = money = power = fame.

You need to monetise everything, in order to be passive. But you need to be active, too...

If we accept Zuckerberg's premise that social media/digital speech is the Fifth Estate which counters the press, then digital consensus money (Bitcoin, Ethereum, etc) may become the Sixth Estate.

Money is speech and there is no freedom of speech without freedom of money.

— Su Zhu (@zhusu) October 19, 2019

This is what hyperbitcoinization looks like:

It's still early.

Moon still awaits #BTC pic.twitter.com/xL9za4iIgb

— Dan Tapiero (@DTAPCAP) December 11, 2021

... As Baudrillard said, we have moved beyond the realm of production, we are now in the realm of reproduction.

A new survey from consultancy McKinsey & Co has found that half of global banks may not be economically viable. Their returns on equity arenít keeping up with costs

READ MORE: https://t.co/sCoUHb0WV5 pic.twitter.com/T3bnbjPwpP

— RT (@RT_com) October 29, 2019

Economics miraculously succeeds in masking the real structure of power by reversing the terms of its definition Once upon a time, power consisted of unilateral giving. Now, it is based on unilateral taking.

You need to stop thinking short term. If you have more than 1 btc, YOU ARE GOING TO BE RICH. Itís unquestionable. The only question is what you are going to do with your hard earned power and wealth. Donít say lambos. Shitcoiners want lambos. Bitcoiners want to reshape the world.

— AMERICAN HODL 🔑 (@MericanHodl) April 18, 2019

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By Robert Sullivan. Contact me by email: coderot@gmail.com. Visit my profile.  
phone: (0422) 204-477 (AUSTRALIA)