142. Why Bitcoin Miners Get Rekt
The Bitcoin Standard Podcast
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Bitcoin and the Wrecking of Miners
All of fiat clown world is people who don't produce things of value, but they found a way to position themselves close to the money printer. And so that's why it's a bad money because we have 14% of society that are being parasites on the 86% of us that are productive. Like if everybody is mining Bitcoin, Bitcoin is crappy money. People need to be working hard to produce things ofvalue and then to store the excess value that they don't consume in Bitcoin. That's what would make it a good money. So the wrecking of miners will have to continue,. It's just always going to be that case.
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