When historians go back to study the early 21st century, the digital proof of work concept will mystify them as much as wampum and tulip mania mystify us now.
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One small step forward for banking in this case is a huge step forward on the path to hyperinflation.
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This anti-union claptrap is just water carrying for the financial class, who believe all the money should end up in Wall Street.
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What do Amway and Online Poker and Bitcoin have in common?
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Instead of a virtuous self-correcting system, which generates more goods and services, the parasitical classes grow and prosper.
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As California burns, scapegoats for the coming decay in infrastructure post-fire are actively sought. California public service retirees have drawn the short stick
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A gentleman-farmer (actually he’s more like a gentleman-builder) by the name of Charles Hugh Smith recently put into clear words a concept which has been bothering me for a few years now. There is never ending talk of shortfall of revenue to fund Western social systems and medicine. At the same time, our largest companies are not paying taxes – or at least very few. With a corporate tax rate at 35% (United States, Europe is similar) but real payments hovering around 10% with technology companies aiming at less than half that, it’s not a wonder our social systems are falling apart.
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