Debt created out of nothing has no opportunity cost. It benefits the lender and borrower at the cost of the rest of society. In other words, it’s a moral hazard. Fiat enlarges moral hazards and is therefore immoral. Bitcoin reduces moral hazards and is therefore moral.

Debt created out of nothing has no opportunity cost. It benefits the lender and borrower at the cost of the rest of society. In other words, it’s a moral hazard.

#Fiat enlarges moral hazards and is therefore immoral.
#Bitcoin reduces moral hazards and is therefore moral.

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Legal scholars are writing words they hope will screw Bitcoiners. I’m sitting here writing code to empower people to wield Fuck You Money. I have surveyed the battlefield and I like the odds.

Legal scholars are writing words they hope will screw Bitcoiners.

I’m sitting here writing code to empower people to wield Fuck You Money.

I have surveyed the battlefield and I like the odds.

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Let’s not mince words. Those who want to further “regulate” Bitcoin… Those who want to make certain Bitcoin infrastructure activities illegal… They are threatening violence against a peaceful revolution.

Let’s not mince words.
Those who want to further “regulate” Bitcoin…
Those who want to make certain Bitcoin infrastructure activities illegal…

They are threatening violence against a peaceful revolution.
https://t.co/hQXeNqIBzv

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@bitcoinPalmer @tracheopteryx @iearnfinance @wavesprotocol I mean this whole tweet was a joke, I was trying to make it very obvious when I used the words “unsubstantiated” and “implausible.”

@bitcoinPalmer @tracheopteryx @iearnfinance @wavesprotocol I mean this whole tweet was a joke, I was trying to make it very obvious when I used the words “unsubstantiated” and “implausible.”

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