Posted on 06/13/2025 6:30:26 AM PDT by V_TWIN
KNOXVILLE, TN — Local Libertarian Steve Kocot was unsure about how best to invest his money and was torn between investing in shiny rocks or some of those newfangled magic computer coins.
Kocot's dilemma reportedly came about as soon as he heard on the internet that the collapse of his government-manipulated fiat currency was imminent and that he needed to preserve his wealth in a more stable form before the American empire disintegrated.
"It's only a matter of days or weeks or months or years or decades," he said. "Everything our government's Keynesian economic house of cards is built upon has to come crashing down, and when it does, the man who has shiny rocks — or magic computer coins — will be king."
Kocot was caught between a shiny rock and a computer coin as he spent an agonizing couple of weeks weighing the pros and cons of the shiny rocks, otherwise known as gold and silver, versus the magic computer coins, which are a more libertarian form of unstable fiat currency.
"See, I could get a bunch of gold or silver coins, but they are really heavy. And then I would probably need to get a safe or something, I guess," he continued. "On the other hand, I could put my money into these magic computer coins everyone is telling me exist. I have no idea how they work or where to get them, and they're invisible, but they're apparently really cool."
At publishing time, Steve had decided to go halfsies on DOGE Coin and gold pitched by Glenn Beck.
I watched this a couple of years ago. I guess it was meant to sing the praises of bitcoin but all it did for me was to confirm how sketchy it is
https://www.imdb.com/title/tt2821314/
At the end it states “Satoshi Nakamoto is the pseudonym of the person or group who invented Bitcoin, the first cryptocurrency. Despite the enormous impact of this invention on financial markets and the world of technology, Nakamoto’s identity remains a major mystery in modern tech history.”
Nobody knows who created it....WHAT??!!
By design. A ton of countries sought them out to prosecute them under bogus charges.
Bitcoin — as sketch as it is — is a real threat to the government monopoly on fiat currency and central banking — which is even more “sketch”.
The Deep State wants them dead.
Yes, and as soon as a critical mass of people figure out that they've invested their savings into something with zero intrinsic value (and not backed by any legal guarantees, unlike paper money or government bonds), the whole house of cards will come crashing down.
I find it hilarious to hear libertarians complain about paper money being "fiat currency" while promoting cryptocurrency, which is one level below fiat: rather than being backed by laws of contract, it's backed by nothing at all.
How about computer generated artwork where you own the right to claim it as your own, but not necessarily the actual copyright and have no way to stop people from using it? There’s no limit to the profit on ugly monkey pictures!
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