Binance, one of the leading counterfeiters, did something in October that changed the fake value of its fake “money”. Now the people who bought large amounts of this particular counterfeit brand are suing Binance for …. For what? For being more counterfeit than you expected?
Fakery is the OPENLY DECLARED ADVANTAGE of bitcoin. People buy it BECAUSE IT’S NOT REAL MONEY.
Until Larry Fink got into the game last year, bitcoin wasn’t even tradable on Wall Street like older forms of counterfeit. It has no purpose at all. You can’t buy anything with it except more counterfeit.
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Broader thought. Most of our established institutions are failing because they’ve intentionally lost their integrity. Media, entertainment, churches, academia, medical care, corporations and government have been ruining their own trust for decades. They’ve been spitting on the customers instead of doing their assigned jobs.
Substitutes are needed, and SOME substitutes are gaining popularity.
MONEY IS A NOTABLE EXCEPTION TO THE LOSS OF TRUST. Substitutes are NOT needed.
Inflation and offshoring have distorted the normal price structure, lowering income and raising prices for ordinary people. Despite those distortions, MONEY ITSELF WORKS AS INTENDED. If you have enough dollars to pay for a product, your dollars WILL be accepted without question. You can spend them anywhere. Fiat money is still fully trustworthy.
Polistra's Mill 