Trust no political parties

Thus you can trust Poseidon.

Bitcoin is centralized through Miningpools and price is controlled through centralized exchanges.
Bitcoin changes nothing, its like exchanging one private owned central bank through another.

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if you're talking about digital code, then that's inherently corruptible, because any such principle can be rewritten at will, any blockchain can change its rules at any point if its miners agree upon it (or e.g. are forced to do so)
the only thing that's not corruptible are the laws of nature themselves, and you are always obeying those whether or not you want to or like it, so you better understand those laws as well as you can and make sure you act in accordance with them

labor and land have no inherent value at all
laboring for a year to produce some dogshit no one wants has zero value, while laboring for a few minutes to plant a tree can have a huge value
likewise, some tracts of land are completely worthless, such as e.g. a few acres full of sand dunes in the Sahara, while other tracts of land are highly valuable
while OP is wrong that cryptocurrencies are incorruptible, there's nothing about them that makes billionaires and institutional investors richer, in fact it's a form of investment that's more available to the general public than ever before, to the point where billions of previously unbanked people with old basic cell phones could get more access to the global economy

this is a total misunderstanding
saying that Bitcoin is price controlled means you don't understand how it works at all, because the entire point is that anyone can trade bitcoin for goods directly with each other
it is also not centralized through mining pools, there will always be a fractal hierarchy with larger miners at the top, but it's still decentralized

>saying that Bitcoin is price controlled means you don't understand how it works at all
1% hold 99% of the wealth on the network. if they decide to dump they can destroy your purchasing power.

>the entire point is that anyone can trade bitcoin for goods directly with each other
your BTC adress can be blacklisted by centralized exchanges or even by the Miningcartel.

>it is also not centralized through mining pools
wrong, see:
btc.com/stats/pool
if 4 of these Mining pools decide to collaborate you are fucked and thats enough for a 51% attack. basically 1 conference call is all it takes.

you really dont know shit do you?

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>preferably written in incorruptible code
run on backdoored hardware.

anything digital is compromised.

>1% hold 99% of the wealth on the network. if they decide to dump they can destroy your purchasing power.
again, it's meaningless to think of wealth that way
you need to think in terms of what goods a certain amount of bitcoin can buy you
dumping bitcoin for fiat doesn't affect that at all long-term, because the value of fiat always goes to zero in the end
meanwhile if the people with the most bitcoin "dump" it into actual goods, then prices simply adjust
having a large amount of wealth stored up doesn't really have the type of long-term effects that people who haven't really thought things through believe
>your BTC adress can be blacklisted by centralized exchanges
again, bitcoin is for trading goods directly with each other
exchanges only exist to convert fiat into bitcoin
>or even by the Miningcartel
I just explained to you how there's no such cartel, the structure always remains decentralized through the incentives of the system itself
>wrong
no, not wrong at all
>if 4 of these Mining pools decide to collaborate you are fucked
not plausible at all, and also it's not that simple either, because such an attack would become known immediately, and everyone would stop using their chain, rendering their multimillon dollar investments worthless
it's literally financial suicide
>you really dont know shit do you?
says the guy with the most midwit brainlet understandings of the actual economic incentive structures behind Bitcoin
you have a lot to learn

>you need to think in terms of what goods a certain amount of bitcoin can buy you
they can literally dump it to zero so it doesnt buy you anything anywhere. they can also make it simply illegal.
>dumping bitcoin for fiat doesn't affect that at all long-term
they can print as much fiat as they want to purchase that BTC.
>again, bitcoin is for trading goods directly with each other
its biggest usecase is literally just speculation, Bitcoin isnt suited to be a payment network, too slow and cant scale.
>exchanges only exist to convert fiat into bitcoin
and they control the marketprice
>I just explained to you how there's no such cartel
I just posted proof of it. here again btc.com/stats/pool
if these miningpools collaborate you will get a 51% attack. there are other ways to game proof of work too, like Selfish Mining.
>because such an attack would become known immediately, and everyone would stop using their chain
thats the point you retard. they can take your money anytime they want.
>rendering their multimillon dollar investments worthless
fiat money is printed from thin air, they can just print more. its literally meaningless to Mr Rothschild.
>you have a lot to learn
I obviously know more than you.

>they can literally dump it to zero
man, your retarded brain really can't think in terms of anything other than fiat, can it?
>so it doesnt buy you anything anywhere
when prices of goods are priced in bitcoin, worthless fiat is irrelevant
>they can also make it simply illegal
there are plenty of resilient cryptocurrencies against that, like Monero
>they can print as much fiat as they want to purchase that BTC
irrelevant, they can go right ahead, I already explained how that won't change anything long-term
>its biggest usecase is literally just speculation
total nonsense, it's primary use case is to act as a form of money that people can use to trade goods directly without the need of any centralized bank
>Bitcoin isnt suited to be a payment network, too slow and cant scale
clearly you don't know how Bitcoin actually works, it is extremely fast and scales perfectly well when implemented as intended
>I just posted proof of it. here again
no, what you posted was your own blatant misunderstanding of the incentives involved
it doesn't matter what the mining pool of any Bitcoin chain looks like, there are zero incentives to perform such attacks at all, because they are discovered immediately, and it's impossible to extract any value from it due to the cost of the operations themselves outweighing any such potential value by orders of magnitude
you simply have zero idea what the hell you're talking about, you've just heard someone talk about "muh 51% attack" without actually understanding anything about how any of this works at all
>Selfish Mining
hilarious and laughable meme, has been proven to not work as a strategy at all
>thats the point you retard. they can take your money anytime they want.
imagine being so clueless that you think this is how it works
I don't know whether to laugh or cry
>fiat money is printed from thin air, they can just print more
it's not that simple to set up such huge mining operations, moron
>I obviously know more than you.
my sides

kek
The capitalists have it right, value is in the end product of labour modified by the difficulty. The competition between peoducers is excellent for innovation and cost reduction, and the free market generally works well on the small to medium scale. The large scale is where it all goes out of control and you get monopolies and megacorps. At that point, large scale industries that are prone to monopoly really do need to be nationalised.
A pretty fair way to go about it is give the large companies a choice; Split your company into multiple competing companies or else get nationalised.
Almost like.... National Socialism?

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land is less scarce than bitcoin, the market cap of "better money" is just about all commodities and priced things combined, divided by the total amount of said currency units. so, divide every value on earth combined (included all the land and seas, if they have any price-tag at all) then divide by 21 million, or more realistically 16 million (lost and inaccessible coins) and you have a realistic max value in purchasing power for 1 bitcoin.

I trust God and the word he gives me. You're a meme flag faggot.