Thank you Peter, thank you Alex. It certainly can be depressing to realize the dark powers that suppress the creativity of man, woman and child....and yet we are obligated not only to look, but to also act. Viva la Bitcoin.
I'm speechless. This needs a concise (~30 min) audio-visual reproduction like the "Dealing with the Changing World Order"-piece by Dalio, to reach as many people as possible! (If already existent please point me to it.)
Peter, amazing session here, almost could be its own mini series. The real world examples are jarring & I had no idea the buildings were even attached let along on the same street.
"When I write about monetary colonialism in West Africa, the French pulled away politically, they no longer controlled French West Africa, it didn't exist anymore, it was like sovereign nations, but they still controlled the money. We went from political colonialism to economic colonialism. Post-1960, the bank and the fund allowed the former imperial powers to continue this colonial dynamic, of draining resources from poor countries to support them. And of course, this is the total opposite of what they say they do." Wow. Well said.
DO WE HUMBLE OURSELVES, REPENT, AND PRAY THAT THESE SYSTEMS FALL APART AND THE DEBT SLAVES GO FREE WITH FOOD, HOUSING. AND HEALTH. GIVES US EACH DAY OUR DAILY BREAD
Very insightful exchange and a lot of education about IMF & World Bank. Was super informative. I already know that a lot of nonsense happens because of them, but that the debt of the countries is so great. I am appalled. Thank you!!!
Liked, subscribed and even screen recorded this video, Great analysis from Alex and great questions from peter. I really think Alex might be spot on many of his claims. They all seem so logical especially regarding the great depression. Of course, we , people from failed countries, are trying to be accountable for the fact that our countries are failing and we want to do better. But sometimes I just ask myself , why didn’t our countries end up like japan or south korea, when we got all the ressources needed. Something felt so off. And you guys are revealing important background informations pertaining to our situations. In any case, good job to you both , I hope more people could appreciate this type of work. Best of lucks.
Peter, you got some shit for using Blockfi as your sponsor, and you probably made some mistakes. But you shined the light on Alex Gladstein, the best Bitcoiner we have, this interview alone offsets any mistakes you made in past. All the other interviews yiou did are bonus points. Alex, if there is one person that inspires me to be a better human being, it is you.
One of the problem with your reasoning is underdeveloped countries do not start with institutions who can make the right decisions. For example, there would be no companies to build highways, so government officials would be looking to build the companies who can make highways, and those will naturally come from their networks, in other words, cronies. There are no competent ethical bankers who can manage the loans, so they have to look for expertise and they can't pay expat salaries, so...
Boiled down - The World Bank and IMF subsidise a higher quality of life for ex-empires at the expense of former colonies - in otherwords, colonialism was never conquered, it was only transformed from political to financial with debt leveraged for control - looking at the US control of these institutions as well as the UN and the people who head them (ie: McNamara who played a large role in the Vietnam war & decided to use stats like enemy body counts instead of territory/land based objectives to measure Americas 'progress' in the war) it shouldn't come as a big shock...
Thank you so much Peter for bringing Alex on. I was not aware of Alex before this nor was I aware of this exploitation. Even more reason the West should not be so preachy of its system when its on such corrupt foundations. The UK telling Sri Lanka not to provide its citizens rice while propping up a massive healthcare system for its own citizens was such an irony. Perhaps neither, which both create a dependency that is a ticking time bomb, are a good role for Government.
stiff pass... If he had focused on how the West uses the IMF/WB to fund/offset the military that would be something to be moral about. But making loans to countries who ASKED FOR THEM even if they are run by tyrants is not the problem. Hell even if it was bitcoin cannot solve it.
I don't agree that decolonization started great depression. There was great decolonization in British Empire, and not so long after there was industrial revolution, not depression.
I've watched/listened to a number of great episodes of this podcast that have been mind expanding. But this one may be my favorite. I don't know if Bitcoin fixes this. But I do know we need to return to a commodity money as the basis of the international monetary system. Maybe Bitcoin just forces the international world to adopt a bancor type system in order to compete with Bitcoin. That would be a win
The same things can be said about coffee in Vietnam and Nicaragua... Fair Trade certifications or many other NGOs force small scale producers to increase their OPEX/CAPEX with debt for no guarantee of premiums on the goods that they create... Efficient producers are rewarded, sometimes, but the less efficient ones become even more impoverished. For fair trade coffee YoY results show that only about 55% of the coffee produced by their organization can be sold at the premium advertised. Read Brewing Justice by Daniel Jaffee
You should consider trying to get Yanis Varoufakis on at some point, I didn't know he was across bitcoin but I saw him talk recently and on the one hand he's apparently appreciated bitcoin as a technology since early on (he reputedly has a basic understanding of code), but he made an argument that in a capitalist system it can't be 'money' though I think he thinks that in some other system it could be potentially. He's a brilliant speaker, and I think would be fascinating to get on and explore his thoughts on it further - on the one hand completely different to most bitcoiners, yet I sense he appreciates the bitcoin community's radical streak.
Authoritarian governments spend more than they make. Countries NEED to live within their means. Borrowing from the IMF/World Bank wouldn’t be needed if elected or unelected authorities didn’t promise voters things they can’t afford! That should be a crime. It’s unfair to say that people get the government they deserve by way of their vote. If the world does move to a bitcoin Std, the price will skyrocket because of scarcity. Only those that get in early (cheap) will benefit.
Yet Alex is on the show thinking bitcoin changes anything. If/when the bitcoin standard materializes We can gurantee some people and countries will have more than others. Which means those who have little to none will have to borrow to accerlate their economic development. The problem is will they be willing to ONLY borrow what they can afford and grow slowly in the beginning? I doubt it. our political systems do not allow for this.
Who will build infrastructure on third world countries without debt? Third world countries needs jump start on their economies and build essential infrastructure. All debt needs to be paid. The world runs in debt. I guess I just want to challenge guest on their views and opinion rather than becoming and echo chamber.
I’m not disagreeing with him, but just for the record. Even though Mexico has increased the agreed credit amount to 50 Billion USD. It has not withdrawn money from the IMF since 2009.
Precisely! Now you are getting it. This is economic slavery, it's neo-colonialism without the guns. Otherwise known as Capitalism. China isn't giving out loans for charity, they are extending their imperial power and influence. They are extracting resources and labor from devastated countries.
Can I give 1 million LIKES? This was a very disturbing video. I was quite reluctant to listen to it but there wasn’t anything else left to catch up on when I jumped on my Zwift session… Boy of boy! The world needs to know about this gross injustice. Worse than Madia!
The problem is loaning money to Authoritarians - some shrimp farming or other aquaculture etc with money to locals can help. ORDINALS with property rights given to people would do what bitcoin does. Paid in bitcoin or something stable. IMF needs to promote these concept and property rights. I’m trying to get this done.
Apparently the British likes the famine method… The Irish can speak about that… interesting that “America”, protector of democracy and freedom (lol) , has sided with colonial powers… those countries these days are the ones that would not support the US in the eventuality of a war against China.
All this is good and yet, notice he REFUSES to talk about El Salvador (who has moved to bitcoin). If it's THAT good and an alternative to IMF-WB nefarious business practise why not discuss how much it has helped El Salvador? methinks...
❤ Alex Gladstein is very much a great guy, but I think the World Bank and IMF are not intentional, but more lack of unique innovation support and property rights. They represent a Globalist view gone wrong and failed to develop from the ground up economic opportunity. That’s not to say damage caused should be obvious. The focus on mono culture large scale change causes great harm. Freedom and property rights should be the focus. This direction rather than upending a countries societal norms, small business opportunity and national identity. Incomplete modernization assistance and multinationals not held to account created imbalanced economic direction. Venturing into personal freedom and property rights should have been key reform focus. “Decolonization” and “extracting resources” has more to do with WB and IMF using existing economic structure of multinationals. Then not seriously creating an 😮indigenous economic base on property rights and freedom destroyed them.They were turning them into ideal opportunity for tyrants. I think the IMF and WB reflects the UN’s slide into the abyss of gifting totalitarians. Rewarding tyrants that raped their own country’s resources. Neither did the economic powers use these institutions to foster sound economic growth and opportunity. Gladstein embraces Marxism on the Great Depression which largely wasn’t. It was manufactured out of rise of corporatists and poor control of monopoly and growth of the multinational unchecked and unaccountable. The Soviets function much the same as a multinational extracting wealth. They depended on it. Ultimately, WB and IMF do not foster real or exponential economic growth because they ignore fundamental property rights.
I understand how a Bitcoin standard helps you preserve your wealth and independence if you already have some of both. But if you have no wealth and a lot of predatory international debt, how can Bitcoin help with that?
Perhaps if the major powers got on Bitcoin, they’d have to make a real return on investment instead of being able to force the world to use dollars and then inflate them. But wouldn’t debt in a sound currency be even harder to pay back? Wouldn’t it bankrupt the borrowers even faster? I guess, maybe that would mean eventually there was no option but bankruptcy, so the World Bank and IMF would lose money, the creditors would lose money, and it would result in them being more prudent. But I’m not sure I buy it. It seems to me after everything we’ve just heard, it doesn’t matter what currency the debt is in - even Bitcoin. At its core, the existence of the IMF and World Bank might be fundamentally immoral. Maybe the only difference would be, without propping up a fiat reserve currency, there would be less (not no, but less) strategic governmental motivation for these institutions to exist?
I watched with interest, but most of the conclusions of the discussion were driven by ideology, not facts, parroting the same old lines. Clearly, these institutions were instrumental for political reasons during the cold war, but that has changed substantially (maybe this is the reason why there is no research after the 90"s ). And what is the alternative? poor countries need access to financial resources. Without IMF and WB, the countries will be worse off. How Venezuela, Cuba, North Korea, and other countries that don't belong to IMF or receive loans from WB are, as a comparison?
Here’s imf we will give you a bailout but there’s gonna be some stipulations and bitcoin is one of them imf say to other countries you can’t fuck with bitcoin at all
why am I seeing this only now ? Cleanest explanation on the topic. I was myself trying to socialise this to friends.
Perfect analogy too
Thank you Peter, thank you Alex. It certainly can be depressing to realize the dark powers that suppress the creativity of man, woman and child....and yet we are obligated not only to look, but to also act. Viva la Bitcoin.
Diaries of an Economic Hitman is an excellent book on the inside of the IMF.
I'm speechless. This needs a concise (~30 min) audio-visual reproduction like the "Dealing with the Changing World Order"-piece by Dalio, to reach as many people as possible!
(If already existent please point me to it.)
Thank you for informing us of this heartbreaking situation.
There is so much wrong in the financial system. It would be great that we could influence the bad agents in the system. Thank you Peter and Alex!
Terrific discussion. Hope the report gets coverage and long life. Next report should be the ECB!
Also the EIB
And KFAED
Brilliant interview. What a journey this is!!
Enlightening. For Africa, just switch out shrimp in the Indonesia example for cocoa, coffee, coltan, lithium, etc..
Peter, amazing session here, almost could be its own mini series. The real world examples are jarring & I had no idea the buildings were even attached let along on the same street.
Wow the world is an even darker place than I thought! Great discussion. Thank you for posting
Love the guest .Learned a lot .More guests like these please.
"When I write about monetary colonialism in West Africa, the French pulled away politically, they no longer controlled French West Africa, it didn't exist anymore, it was like sovereign nations, but they still controlled the money. We went from political colonialism to economic colonialism. Post-1960, the bank and the fund allowed the former imperial powers to continue this colonial dynamic, of draining resources from poor countries to support them. And of course, this is the total opposite of what they say they do."
Wow. Well said.
Thank you Peter and Alex. Such an important discussion; thoughtful, disturbing, and depressing.
HOW MUCH MORE FOR ALL THESE POOR CITIZENS SOLD OFF TO DEBT SLAVERY.
DO WE HUMBLE OURSELVES, REPENT, AND PRAY THAT THESE SYSTEMS FALL APART AND THE DEBT SLAVES GO FREE WITH FOOD, HOUSING. AND HEALTH. GIVES US EACH DAY OUR DAILY BREAD
Great content thanks Peter.I hope this gets a lot of views.
Fantastic episode. Thank you
Algo didn't show me this. I bought his book and wanted to see if he had done a podcast so I could share with friends, now I'm here.
Great job informing us. This is stuff we never hear about. Keep up the great work
Thank you, great show, I love Alex. The world makes a bit more sense again.
If this doesn’t make you cry, I don’t really know what will.
Massively eye-opening!
Very insightful exchange and a lot of education about IMF & World Bank. Was super informative. I already know that a lot of nonsense happens because of them, but that the debt of the countries is so great. I am appalled. Thank you!!!
Stellar episode…. Alex is doing great and fair work here bringing some important truth to light. Thank you Peter and Alex
Very clear explanation
Amazing. Thank you guys. This one was mind blowing.
Thank you for what you keep doing Peter and all of you, I'm following you from Italy.
Liked, subscribed and even screen recorded this video, Great analysis from Alex and great questions from peter.
I really think Alex might be spot on many of his claims. They all seem so logical especially regarding the great depression.
Of course, we , people from failed countries, are trying to be accountable for the fact that our countries are failing and we want to do better. But sometimes I just ask myself , why didn’t our countries end up like japan or south korea, when we got all the ressources needed. Something felt so off. And you guys are revealing important background informations pertaining to our situations. In any case, good job to you both , I hope more people could appreciate this type of work.
Best of lucks.
I want that hoodie that Alex is wearing.
Awesome content! Thank you!
really good talk, don't forget about the complicity of the country taking loans and going into such agreements
THIS EXPLAINS ALOT !! THANK YOU 👌🏾
Very good. Thank you for posting.
thank you for taking on these issues
This is the story of Nigeria right now
Why are there ads from the world bank in my feed right below this video??
Has anyone mentioned the book Economic Hitmen? Surprised I haven’t heard it yet
Peter, you got some shit for using Blockfi as your sponsor, and you probably made some mistakes.
But you shined the light on Alex Gladstein, the best Bitcoiner we have, this interview alone offsets any mistakes you made in past.
All the other interviews yiou did are bonus points.
Alex, if there is one person that inspires me to be a better human being, it is you.
The road to hell is paved with good intentions.
One of the problem with your reasoning is underdeveloped countries do not start with institutions who can make the right decisions. For example, there would be no companies to build highways, so government officials would be looking to build the companies who can make highways, and those will naturally come from their networks, in other words, cronies. There are no competent ethical bankers who can manage the loans, so they have to look for expertise and they can't pay expat salaries, so...
OMG....this is happening in Kenya now, They must have Ruto in their grip he's a dictator in the making.
Boiled down - The World Bank and IMF subsidise a higher quality of life for ex-empires at the expense of former colonies - in otherwords, colonialism was never conquered, it was only transformed from political to financial with debt leveraged for control - looking at the US control of these institutions as well as the UN and the people who head them (ie: McNamara who played a large role in the Vietnam war & decided to use stats like enemy body counts instead of territory/land based objectives to measure Americas 'progress' in the war) it shouldn't come as a big shock...
Thank you so much Peter for bringing Alex on. I was not aware of Alex before this nor was I aware of this exploitation. Even more reason the West should not be so preachy of its system when its on such corrupt foundations. The UK telling Sri Lanka not to provide its citizens rice while propping up a massive healthcare system for its own citizens was such an irony. Perhaps neither, which both create a dependency that is a ticking time bomb, are a good role for Government.
@34:00 Can we please have a reference to the book Alex is talking about
thank you
This one was brilliant.
@peter a good follow up this is s to bring up the writer of the Economic hitman Jon Perkins
Corporatocracy continues and left Venezuela in ruins, now the hard hitters are now in Ukraine.
The question is whether corporatocracy will allow bitcoin to be a competing currency to fiat.
This was all discussed in Michael Hudson’s book Super Imperialism from 1985 and handed out to everyone in government. This was all intentional
I am from bangladesh and wow, this was insiteful thanks.
where u get the hoodie
This guy is so very moral. It would be very great if people like him were in charge of the world and told us all what to do.
The computer singularity will soon do that for us.
😂
Maybe they don’t tells us nothing but forget about FIAT for ever
stiff pass... If he had focused on how the West uses the IMF/WB to fund/offset the military that would be something to be moral about. But making loans to countries who ASKED FOR THEM even if they are run by tyrants is not the problem. Hell even if it was bitcoin cannot solve it.
😂😂👍
So interesting, also the point of the impact, in the wild nature this make..
wow this guy is amazing
I would like a Report Of ONGs and what they do in each country
Nice overview
Gladstein is the 🐐
I don't agree that decolonization started great depression.
There was great decolonization in British Empire, and not so long after there was industrial revolution, not depression.
So good!
🙏👏✌️What else can I say? Will distribute video and article to colleague fro Ghana!
Very intresting!
I've watched/listened to a number of great episodes of this podcast that have been mind expanding. But this one may be my favorite. I don't know if Bitcoin fixes this. But I do know we need to return to a commodity money as the basis of the international monetary system. Maybe Bitcoin just forces the international world to adopt a bancor type system in order to compete with Bitcoin. That would be a win
Bitcoin *is* the bancor-type system (but better because the BIS has no authority over it)
The same things can be said about coffee in Vietnam and Nicaragua... Fair Trade certifications or many other NGOs force small scale producers to increase their OPEX/CAPEX with debt for no guarantee of premiums on the goods that they create... Efficient producers are rewarded, sometimes, but the less efficient ones become even more impoverished. For fair trade coffee YoY results show that only about 55% of the coffee produced by their organization can be sold at the premium advertised. Read Brewing Justice by Daniel Jaffee
You should consider trying to get Yanis Varoufakis on at some point, I didn't know he was across bitcoin but I saw him talk recently and on the one hand he's apparently appreciated bitcoin as a technology since early on (he reputedly has a basic understanding of code), but he made an argument that in a capitalist system it can't be 'money' though I think he thinks that in some other system it could be potentially. He's a brilliant speaker, and I think would be fascinating to get on and explore his thoughts on it further - on the one hand completely different to most bitcoiners, yet I sense he appreciates the bitcoin community's radical streak.
Everything you never wanted to know about IMF and The World Bank.
everytime a Danny chimes in an angel gets its wings
Subscribed..what a great interview, the ongoing corruption of the oligarchs.
the developing countries thought leaders should listen to this!
WBD has telegram? If not any similar community?
Authoritarian governments spend more than they make. Countries NEED to live within their means. Borrowing from the IMF/World Bank wouldn’t be needed if elected or unelected authorities didn’t promise voters things they can’t afford! That should be a crime. It’s unfair to say that people get the government they deserve by way of their vote. If the world does move to a bitcoin Std, the price will skyrocket because of scarcity. Only those that get in early (cheap) will benefit.
The only people wjo get elected ARE the ones who lied about promising things they can't afford. Look at trump.
Yet Alex is on the show thinking bitcoin changes anything. If/when the bitcoin standard materializes We can gurantee some people and countries will have more than others. Which means those who have little to none will have to borrow to accerlate their economic development. The problem is will they be willing to ONLY borrow what they can afford and grow slowly in the beginning? I doubt it. our political systems do not allow for this.
So sad, how have these evil entities gained such a stranglehold, Noone stands up for what is right in possession of power evidently
Naomi Klein pointed this out many years ago in her fantastic book “Shock Doctrine”. Read it!
Who will build infrastructure on third world countries without debt?
Third world countries needs jump start on their economies and build essential infrastructure.
All debt needs to be paid. The world runs in debt.
I guess I just want to challenge guest on their views and opinion rather than becoming and echo chamber.
A G for president
I’m not disagreeing with him, but just for the record. Even though Mexico has increased the agreed credit amount to 50 Billion USD. It has not withdrawn money from the IMF since 2009.
Similar countries were discussed in Tales of an Economic Hitman. Unsure how Bitcoin would change how mega loan institutions lend to governments.
@@ExpensivePizza
How does this benefit the people?
That seems like the same model china rolled out to struggling countries on the Belt and Road project.
You mean China copied the same lending strategy to compete with the world bank and IMF?
Precisely! Now you are getting it. This is economic slavery, it's neo-colonialism without the guns. Otherwise known as Capitalism. China isn't giving out loans for charity, they are extending their imperial power and influence. They are extracting resources and labor from devastated countries.
This was tough to hear. So many lives lost or ruined due to the corruption of money.
Can I give 1 million LIKES? This was a very disturbing video. I was quite reluctant to listen to it but there wasn’t anything else left to catch up on when I jumped on my Zwift session… Boy of boy! The world needs to know about this gross injustice. Worse than Madia!
25:45
One word sums it all up…GREED
Now, US GDP has moved from $22 Trillion to $24T to now $26T
See " Diary of an economic Hit Man."
The problem is loaning money to Authoritarians - some shrimp farming or other aquaculture etc with money to locals can help. ORDINALS with property rights given to people would do what bitcoin does. Paid in bitcoin or something stable.
IMF needs to promote these concept and property rights. I’m trying to get this done.
Yeah no. How does this benefit poor countries again?
Apparently the British likes the famine method… The Irish can speak about that…
interesting that “America”, protector of democracy and freedom (lol) , has sided with colonial powers… those countries these days are the ones that would not support the US in the eventuality of a war against China.
Brilliant work guys. As much as I'm not a fan of bitcoin, now I understand the most important role it can play.
Cold war. Warm war. The timeless strong fish taking advantage of smaller fish.
Great blog guys, a literal ponzi scheme has to actually be a ponzi scheme , I think that you are talking about Usery.
The moral of the story is self-interest is bad. People need to be educated to control self interest so that it does not harm others.
then nothing gets done. because there is no such thing as altruism.
Lol id10t! Self-interest is not the problem, uncheck power is. As long as those on power are not transparent, corruption more likely to happen.😂😂😂
Timeless struggle
The host talking like Harry Kane really put me off!
All this is good and yet, notice he REFUSES to talk about El Salvador (who has moved to bitcoin). If it's THAT good and an alternative to IMF-WB nefarious business practise why not discuss how much it has helped El Salvador? methinks...
Depressing stuff, but bitcoin give us hope
❤ Alex Gladstein is very much a great guy, but I think the World Bank and IMF are not intentional, but more lack of unique innovation support and property rights. They represent a Globalist view gone wrong and failed to develop from the ground up economic opportunity. That’s not to say damage caused should be obvious.
The focus on mono culture large scale change causes great harm. Freedom and property rights should be the focus. This direction rather than upending a countries societal norms, small business opportunity and national identity. Incomplete modernization assistance and multinationals not held to account created imbalanced economic direction.
Venturing into personal freedom and property rights should have been key reform focus. “Decolonization” and “extracting resources” has more to do with WB and IMF using existing economic structure of multinationals. Then not seriously creating an 😮indigenous economic base on property rights and freedom destroyed them.They were turning them into ideal opportunity for tyrants.
I think the IMF and WB reflects the UN’s slide into the abyss of gifting totalitarians. Rewarding tyrants that raped their own country’s resources. Neither did the economic powers use these institutions to foster sound economic growth and opportunity.
Gladstein embraces Marxism on the Great Depression which largely wasn’t. It was manufactured out of rise of corporatists and poor control of monopoly and growth of the multinational unchecked and unaccountable. The Soviets function much the same as a multinational extracting wealth. They depended on it.
Ultimately, WB and IMF do not foster real or exponential economic growth because they ignore fundamental property rights.
Great information dump…I speak to folks about the IMF and The World Bank a lot…he’s don’t it way better….
I understand how a Bitcoin standard helps you preserve your wealth and independence if you already have some of both. But if you have no wealth and a lot of predatory international debt, how can Bitcoin help with that?
Perhaps if the major powers got on Bitcoin, they’d have to make a real return on investment instead of being able to force the world to use dollars and then inflate them. But wouldn’t debt in a sound currency be even harder to pay back? Wouldn’t it bankrupt the borrowers even faster?
I guess, maybe that would mean eventually there was no option but bankruptcy, so the World Bank and IMF would lose money, the creditors would lose money, and it would result in them being more prudent.
But I’m not sure I buy it.
It seems to me after everything we’ve just heard, it doesn’t matter what currency the debt is in - even Bitcoin. At its core, the existence of the IMF and World Bank might be fundamentally immoral.
Maybe the only difference would be, without propping up a fiat reserve currency, there would be less (not no, but less) strategic governmental motivation for these institutions to exist?
I watched with interest, but most of the conclusions of the discussion were driven by ideology, not facts, parroting the same old lines. Clearly, these institutions were instrumental for political reasons during the cold war, but that has changed substantially (maybe this is the reason why there is no research after the 90"s ). And what is the alternative? poor countries need access to financial resources. Without IMF and WB, the countries will be worse off. How Venezuela, Cuba, North Korea, and other countries that don't belong to IMF or receive loans from WB are, as a comparison?
Always wondered why in this day and age there are still 3rd world countries
don't get Gary Webb'd fam
With all respect due, I doubt BTC is the hammer that will drive every nail.
Wow.
Here’s imf we will give you a bailout but there’s gonna be some stipulations and bitcoin is one of them imf say to other countries you can’t fuck with bitcoin at all