capitalism
capitalism
Out of context: Reply #750
- Started
- Last post
- 1,314 Responses
- shapesalad-5
Regarding G7 and taxing the big companies operating globally... expecting in the next few weeks these said big companies to announce they converting treasury to Bitcoin and accepting bitcoin for payment of iPhone, starbucks, etc etc.
- Lol, not a chance this will happen soon. Big companies are slow. They’ll lobby and find new loopholes. Maybe in 20 yearsnb
- Nah, i expect the profit % requirement might instead make companies invest in taxable markets more to reduce their exposure.
HAHAHA, lol, of course they won't.Nairn - you can implement this idea for products what don't have an entire supply chain with usd based capital & cash flow.sted
- No way any company will put anything large into any crypto. BTC just dropped almost 50% in what, a week? Can you imagine if a company lost that value?formed
- A complete lack of stability, and easy manipulation (just a tweet!), will keep btc from being mainstream. There will be a solution, sooner or later.formed
- BTC drop 50% so they can buy it up.shapesalad
- ...and then?Nairn
- Real money is backed by state. By power. At best, all crypto has backing it is invested real money and belief, both of which are easily- transitioned.Nairn
- Until we have a genuine online space that has real power that contends against 1st tier nation states, we won't have a truly valuable crypto currency.Nairn
- all truemonospaced
- Don't eat the sand.palimpsest
- Nairn - fiat is backed by state power.... sounds good until you get a crackpot in charge. Decentralised is the future, it's the most democratic form of money.shapesalad
- Pretty sure those at the height of the Roman empire thought their money was the bee's knee's - working hard for it, saving it...shapesalad
- Until those in power started minting more, and diluting the metal grade, until it was worthless and the empire fell.shapesalad