Bitcoin Trends Towards Those Who Work
The one thing I enjoy about bitcoin is that there is finally a network that rewards those who work for it. There is no bullshit like prefferentail inflation or downstream ways of holding funds to be spent to the detriment of others. The only way you can acquire funds is through expending resources, time, and labour to mine and secure the network, to work for it and get paid in bitcoin, or to trade your fiat currency for bitcoin.
Proof of work underpins the ecosystem and there is no way around it, if you remain in the ecosystem. If you're using stupid shit like wrapped bitcoin or trying to earn a yield on CEFI platforms, you're taking far more risk than you understand and you might lose all that bitcoin and that's great, people need to learn there is no wealth without work.
These are all tactics to pull capital out of your wallet and into other peoples wallets so they can gamble with it. We've already seen plenty of investors lose their shirts and there are many more to come.
Hodling is all you need
The chase for yield is a fiat paradigm that is required for the shitcoin world to function because shitcoins work on inflation. Bitcoin works with deflation so you need not chase yield, you don't need a return, you can hodl with zero counterparty risk and enjoy CAGR unseen the world over, the risk-adjusted return is crazy asymmetrical.
This is the secret people don't realise, because math isn't their strong suit. I feel its like my super power at this point, while everyone is running around jerking themselves off trying to fit as many dicks in their mouths to get more tokens, take more risk and generate more returns.
I quietly go about my daily job, stack sats and secure them in cold storage and still outperform all of them. It's hilarious.
Africa is bitcoin ready
Africa is filled with over a 1.5 billion people who are all ready to work, they've not been put to work and not been properly compensated for their labour in this rigged fiat system of trickle-up economics. When I see stories like Zimbabweans importing cars with bitcoin it makes it oh so clear where this revolution is going, it's going to those who understand how to work for money and how to save money.
Everyone else will lose their bitcoin over a long enough time frame.
When I see African shitcoiners, all I see are people are so desperate to get into the Western class and are indoctrinated that these systems are the way the world has to work. Some may suceed on paper and in the short term, but if you think you're going to shitcoin your way to retirement or generational wealth I am sorry that's not going to happen.
All you're doing is feeding a new overlord with your labour, supporting a new political elite and any money you hold in that system is being diluted by the powers you support and you have no say in it. As long as they keep you dumb, docile, and asking fewer questions they can extort resources from you.
Feeding you more and more shitcoins while they take the real profits for themselves.
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, "I am a Jessie."
Let's connect
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Posted Using LeoFinance Beta
Looks like this retarded app is broken and it's scheduling service is jacked lol wtf man get your shit together, web 3 apps LOL
Posted Using LeoFinance Beta
Which app?
Leofinance I scheduled this post for Sunday and it went out today lol wtf? Its tool is broken
I use the ecency app and works great. Couldnt get the LF one to work at all.
It's pretty simple, not your keys, not your cheese.
People that hodl in exchanges and them CEFI yield platforms are self lubing their ass to get fucked.
Posted using LeoFinance Mobile
So are people who self custody shitcoins with compromised networks, so are people who stake their coins, so are people who don't use their own node and trust a 3rd party node.
Will you do a post about that? Nodes?
Already did, you can find it here
Thanks!
You're doing your best to distinguish Bitcoin from the rest but in reality, we're all at the mercy of institutions and big tech 😆
You can read about it here why crypto self custody is larping, as for big tech and institutions, can't give a shit about them, they can't print more bitcoin, the fiat price isn't of interest to me, probably the least interesting thing about it, I cannot be diluted in my holdings no matter how hard they try, only people who hand over their bitcoin to services and put them in DEFI can have their coins taken
You mean the same Bitcoin that Binance and the rest "print" in their fractional reserve system of exchange?
Lol and now look at them, rekt up to the tits, every cycle will claim new victims. It's not up to me to get people to take custody of their coins, if they want to do hand them over and allow shitcoin casinos to print more and suppress the price while I take it off exchanges for a premium who am I to complian?
I'm getting paid for negligence and stupidity, while I warn against how I profit from it, how is that for having a moral back bone?
Yes yes good for you but anyway, have you been keeping up with Arsenal's transfers? We're really going hard man.
Check out this post in my arsenal for life page.
Also, if you play FPL, fancy joining the Hive FPL league?
View from my node, verifying the supply my dude, trust no one!
I don't think you can make the same claim with your coins.
Sure, ill check it out
Luna was collapsing and people were diving in still. Lol
yeap because they were greedy still trying to gamble for money lol. bottomline if you trying to make a profit from the crypto and not use it .. expecting profit from the work of others it's probably an unregistered security and you probably getting poor results because you're using it for the wrong reasons but people refuse to listen lol
Posted Using LeoFinance Beta
yes, you have got to put the work in if you want to have crypto pay. it is the same for every asset so far as i have seen.
right you put the value in.. you don't expect it to go up based on the manipulation of others, lol. that's the point of what i'm saying with my project which is a bitcoin fork based on universal basic income @edicted
it's not about me building a big community and doing all the work and you all benefit from it.. no that's an unregistered security. this is what i mean by people don't understand.
What our bitcoin fork is about is if you believe that the reason you control the earth's resources is because you're a human being and you have a natural inheritance to the resources.. then you'd work.. "you".. not me... not some guy at the top of a pyramid controlling all the money that's why the system is meant to continually distribute it out to everyone free.. but if you believe.."you" that i shouldn't control the earth's resources because i'm stronger"
in other words i can do like russia did ukraine come in your domain and take all your shit and you all call it capitalism and legal... if you believe in such a world then bitcoin myk is not for you lol.. you see
if you believe the world should allow you to inherit everyone of you value basic on inalienable human rights meaning every human being that occupies the earth could own about 7 acres of land adn the earth could facilitate that.. if you believe that then our product is for you..
you may not believe that.. you may believe taknig other people shit.. kiling people.. enslaving people due to race ethnicity or technology is right
if you believe that and then enforce that system based on capitalism after the fact of killing all these people and taking all this shit.. if you believe that is right... then bitcoin myk is not for you
but what bitcoin myk is not @themarkymark
is me giving value to it for you to cash out when you haven't contributed or done shit to create a world such as that.. it is an option it is a choice. .you can go take a poll on who wants a universal basic income. maybe you don't need one or need one.. good for you.. we not talking ot you.. we talking to hard working citizens who despite working everyday still can't afford to put enough gas in their fuel tanks.. we're talking to million dollar business owners who think it's a good idea for citizens to have money to buy their expensive shit they wanna sell because if nobody has any money we can't buy any shit
As well we're talking about the difference between a currency and a asset. let me dumb it down for you.. you use a currency in a use case to transfer value to value.. you don't use a currency as a speculative asset to get rich off the back of somebody else and that's the difference
Posted Using LeoFinance Beta
Lol people always discount risk when they see % rewards in the short term, most get wiped out, i've seen it happen so many times I grow bored of it
how do you explain the 20% gain hive has had over bitcoin this last week?
@belemo
Tell us how you really feel.!
I guess here on @chekohler blog it’s okay to keep it real, after all he does.
Posted using LeoFinance Mobile
Lol keeping it real is frowned upon, you're not supposed to ask questions or challenge narratives, just cheerlead
Ha Ha Ha
Somehow you don't strike me as a shrinking violet, you will continue to speak with your mind.
I noticed your comment on @edicted's post and read your article as well. Good post. We need to question things more, because that's how we learn.
Posted Using LeoFinance Beta
Totally agree, the Africans who believe and manage correctly the crypto system will see a pretty good progress because they are working smart, but instead those who want to get rich with the next SHIBA INU TRUMP PUTIN FLOKI AZOV, will only see ruin like 80% of all those who are in crypto, only for easy and fast money.
Posted Using LeoFinance Beta
Lol why stop there? ETH, ADA, lets not give the meme coins all the credit, these other shitcoins are doing the exact same thing just with better marketing
Hahaha you are right haha.
Dear @chekohler, Recently, African-black people have been writing a lot of articles that recommend investing and buying or selling cryptocurrencies on a daily basis.
From my point of view I interpreted you as claiming they were playing a Ponzi scam.
All useful idiots with no backbone and willing to suck up to the corrupt political elite who have access to the money printer, shitcoin shills are no better than politicians and business men who make a living from government tenders, all a bunch of paracites
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