Bitcoin, Looters, and Producers
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- Опубліковано 12 вер 2024
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In this video, I discuss the difference between producers and looters, and how Bitcoin incentivizes more producers and fewer looters.
Producers are inventors, creators, entrepreneurs, craftsmen, farmers, ranchers, carpenters, programmers, teachers, engineers, etc. who provide goods and services or work for businesses that provide goods and services that real people actually desire.
By contrast, looters steal things. Looters are people who break into your house or car and take things, or trick you into accidentally sending them money, etc.
There are other types of looters:
"Licensors" are people who take away your natural human right to do something (like drive a car, or cut someone else's hair) and then sell that right back to you in exchange for an annual extortion payment called a "license."
Another group of looters are the people who try to force you to buy something or do something that you don't want to buy or do.
Central banking is the looters' greatest invention ever. Central bankers make money at the press of a button, while you need to work for your money. Central bankers print up the same money for free and then use it to fund your oppressor (the federal government, with all of its violence, extortion, blackmail, and racketeering).
Bitcoin is the Great Shield, gifted to us by Satoshi himself, in order to help us to protect ourselves from the looters, the rent-seekers, and the other enemies of a just society that is built on the principles of freedom and voluntary exchange.
Not investment advice! Consult a financial advisor.
Where to find me online:
x.com/mattkratter
My npub:
npub1s33sw6y2p8kpz2t8avz5feu2n6yvfr6swykrnm2frletd7spnt5qew252p
Nostr clients:
damus.io/
play.google.co...
US dollar keeps losing purchasing power:
www.visualcapi...
Examples of government waste:
fee.org/articl...
www.heritage.o...
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#government
#taxes
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One of the most powerful statements that Simply Bitcoin's Nico loved to use was 'we are expected to work and earn money which the central bankers can print for free'. That channel will be missed until it returns.
Someone told me they don't want to put all their eggs in one basket referring to BTC. I told them BTC isn't the eggs, it IS the basket of ALL baskets.
Don't let your hard earned eggs get diluted from Political crooks.
I only got comfortable with that thought watching your videos. Thanks you for that Matthew!!
why sell the winner for losers?
@@neilpatton7174 who's selling?
Oh, great visual!
The more content that move to NOSTR now. The better
I need to figure that out. Many bans from Twitter for no apparent reason have caused me to give up.
@@RootBeerGMTit’s very very simple to set up just jump on ….
Nostr - this is the way
That's a sharp observation. Governments often claim to create jobs, but in reality, they primarily redistribute resources taken from the productive sector of the economy through taxation and regulation. This redistribution can stifle innovation and entrepreneurship, the true engines of job creation. In this sense, what governments often "produce" isn't new opportunities or wealth but rather a system of control and dependency, funded by what many view as legalized theft.
When governments focus on expanding their reach rather than fostering an environment where individuals and businesses can thrive independently, they inadvertently suppress the very forces that drive real economic growth. The wealth and jobs that could have been created in a freer, less regulated environment are often lost to bureaucracy and inefficiency.
By recognizing this, more people may start to seek alternatives to centralized control, embracing decentralized systems that allow for true economic freedom and innovation. These systems empower individuals to create value and jobs without the heavy hand of government intervention, ultimately leading to a more prosperous and independent society.
Great comment
Yes, great comment!
Excellent take!
Spot on my friend!
It's the seen and the unseen, as Bastiat called it.
3 things to stock up on: bitcoin, beans and bullets.
This guy gets it
Don’t forget bandages (get all your insulin and meds you need stockpiled).
And booze.
Booze is the best thing to trade even if you don’t want it.
Good morning from the Peoples Republic of Canada. Keep up the good vibes.
Canada is definitely my favorite communist country, though the US is a close second
I’m a “recovering Canadian.” Thankfully, I was able to achieve asylum by escaping in the late 90’s. I’ve watched from afar as my family have become “properly conditioned” into “good” citizens. I’ve never seen government programming so powerful as I have in Canada. (Most) Canadians are proud-adopters of the propaganda campaigns and use non-violent public controls (shaming, patriotism, etc) to force unabiding citizens back toward the mean. Not only are they unarmed, they’re “proudly unarmed.” 😮 This is government control, executed PERFECTLY. It’s really a masterpiece in manipulation.
You gotta be Chinese 😂
You don't have to agree with everything anyone says, but when it's put in a rational way, it's difficult to disagree.
I find your takes to be rational.
Fiat money is the ultimate, most insidious form of looting mankind has ever devised.
100%
I don't know about you guys, but I'm not too fond of the government 😠
The US government we have today is the product of Israel’s influence in congress.
It’s uncanny, I feel the same way😂
Isn't it odd that the West is proud of being run by democracies, but none of its populations like what their governments do.
Not me they are my BFF
You government is not the problem. Its what has captured your government. Once you understand money and finance you realize its god like power to create prophesy, either with black mail rings to make people in power to make it true or to pay for history and research to record the "truth". One hundred men work for money while one man can make more than a thousand with the flick of a pen , or a key stroke. BTC rise is nothing more than has been recovered.
Atlas Shrugged in plain sight!
I remember when I had to pay 100s of £ for stupid tests, because I didn't take a certain medical product in order to be allowed to travel home for my holiday. When I buy Bitcoin, I know I'm starving these kind of people, little by little
They gauged the hell out of the sane.
Another great one, thank you Sir! Goal: be ungovernable!
I might also recommend the book by James Dale Davidson, et. al. - The Sovereign Individual: Mastering the Transition to the Information Age.
Great book
Oh yes...the logic of the democratic welfare nation state and how returns to violence can actually decline under certain conditions.... (hint: like now)
They should have left the 1st edition title alone: “The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State”
Dear people, according to the past events @Simply Bitcoin please keep on sharing outstanding content like this for until we can!!!
🔥🔥🔥 Kratter bringing straight fire on this one
Another word for looters is a criminal syndicate. Pay to play or you can’t play.
As the youth amongst us have more information available, many are deeply disturbed by the necessity of the abrogation of moral structure to gain the basic necessities of life.
Bravo Matt!!! 👏🏻👏🏻👏🏻
Atlas Shrugged and the Fountainhead are two books everyone shoud read… specialy the looters
Read both, Atlas Shrugged was ok, but Fountainhead I found incredibly difficult to gain insight into - Rand's writing is too convoluted for me.
Wow, strong and excellent video. Yes, Atlas shrugged is an awesome book. Read mandibles also. You will like it.
Mandibles is amazing:
ua-cam.com/video/KM7s-oindug/v-deo.html
Matt always delivers!
The money speech in Atlas Shrugged. "It is not the moochers or the looters who give value to money. Not an ocean of tears not all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper, which should have been gold, are a token of honor-your claim upon the energy of the men who produce. Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money."
Too bad they banned Rustin. Loved his videos. Hilarious and on point!
Hope Rustin sets up his own channel. Ambivalent about the other simply bitcoin crew.
you've always got an incredible way of describing a complex problem succinctly
THANK YOU MATTHEW ❤
Happy Monday, Johnny
Fantastic thanks!
Books like Atlas Shrugged put the reader into a reality where creators can achieve success against great odds simply by the power of their minds and integrity to be unwilling to compromise them. It's easy to forget while reading these that the looters and producers don't actually exist within the same systems at all, but Ayn Rand knew that and therefore said "Those who fight for the future live in it today." And the converse is that those who fight for authoritarianism do live in that even if only in their mind, ethics, morality, and other actions.
Another great book which provides a good understanding of the origins of this dichotomy is The Sovereign Individual by James Dale Davidson and William Rees-Mogg
Yes, amazing book and really ahead of its time
@@Bitcoin_UniversityOn second watch, I noticed you already made this connection at 9:45. You always have a lot of information packed into these videos. Definitely hoping UA-cam doesn't kick you off the platform, so you keep reaching the widest audience you can.
Thanks Matthew. I sure hope you don't get taken down but I will follow you. It seems they are stepping up the censorship. I fear it will only get worse, at least until November. If Bitcoin didn't exist I would be very depressed but I believe Bitcoin will eventually fix this.
people can be both at different times
Great video Matt. Massive fan here! I'll be joining the nostr system soon.
Leaving the United States is not an option for me. However, I'm certainly open to ideas on removing the looters.
As a minor side note, I've configured a new Raspberry Pi 5 to run a bitcoin node over TOR. It is currently doing the initial block download. The cheaper Pi 4 should also be quite capable of doing this. I'm waiting on a BitAxe to see if I can get it to run over TOR. Ocean has an onion address for its stratum servers.
The second amendment right is being corroded I had pistol permits that voided ahead of time due to a change in law and while not being a felon I am no longer to allow to buy firearms, and the firearms purchase while pistol permits where legal are in a gray area today. I got tired of the federal BS therefore moving to El Salvador to a more free country, but I will get back at them by voting for either Kennedy or Trump depending if I am in a swing state.
One of your best videos. Great job.
Thank you Matt. Video request: The good and bad effects of Cap Gains on BTC (e.g., the fact that it incentives HODLing bitcoin, and taxes buying fiat).
One of your best videos. Thanks Matt
Best video you’ve released so far.
I keep on saying this to myself too :D On a monthly basis. For years now. :) Long term sub here.
Just when you think it can't get any better, MK keeps on raising his own bar higher. Amazing.
Bitcoin, the freedom magnet. Thanks Matt.
This video belongs in your "top ten"!
Bitcoin is God’s money
That was an excellent video
Outstanding piece thank you!
👏👏 nailed it!
Thanks so much for your support!
People that produce things do not owe anything to society for their income. They have already provided a good or service. The only legitimate role of government is to regulate collisions in any relevant space which is why we have stop signs, and laws on private property. We need to pay for those expenses. I am not sure why government services are different than any other. We do have toll roads and tolls on bridges which is the legitimate way to collect those fees. To the extend one want s welfare system is the only thing that does not follow these obvious economic principles.
Thank you Satoshi Kratter.
Government is competition for the private sector but in many cases has a monopoly.
Government intervention or the threat of it can be good for countering private monopolies that extort people but there doesn't seem to be an effective mechanism for removing government monopolies.
Awesome 👍!!!! 🎉
Very well stated and explained!
1st viewer 😎
You won’t regret it. This guy is very articulate.
@@AndyManHexadeciweb3 no I meant I was literally the first view of the video, because I'm such a fan I immediately stop everything and click his notification as soon as I see it haha
Entering a comment to help the algorithm. If this is not helpful, let me know and I'll stop. Thanks for the video.
It's helpful.
The only thing I wish for is that you do not get censored as proof that we can change and make things right.
Bro is trending a fine line with getting cancelled. ❤it!
Ticket clippers.
Unfortunately i am a productive person but work for a company that, now that i've worked there 18 months, realise should not exist.
It is a company that secures large contracts, mostly government, and then mostly passes the work on to subcontractors to do the work with little value add.
Writing bid proposals and scoping/managing projects and being large and old enough to secure big contracts are our only advantages.
You are so correct. I think most people don’t see that though so sad thanks for educating us.
Thanks!
Wow, thanks so much for your generous support!
7:25 - _Thompson v. Smith,_ 155 Va. 367, 154 S.E. 579, 581, 584, 71 A.L.R. 604
"The right of a citizen to travel upon the public highways and to transport his property thereon in the ordinary course of life and business is a common right which he has under his right to enjoy life and liberty, to acquire and possess property, and to pursue happiness and safety. It includes the right in so doing to use the ordinary and usual conveyances of the day. This right is not a mere privilege which a city may permit or prohibit at will.
It's impossible for the government to confiscate BTC.
How are they going to prove that people are effectively holding the keys?
Great! thanks for amazing video!
This was noted by Bertrand Russell in the art of happiness
Excellent analysis.
Shared ❤
Thanks Matthew 🙏🏻💯🔥🔥🔥
Awesome video, bravo.
Makers vs. Takers
That's a much better way of saying it
Insightful video! Thanks
I am glad to hear that Germany is not the only country supporting third-world countries financially to teach them behavioral lessons and values. The same breed of Looters loot here in Germany.
Very succinct and well done.
Yes but
You are leaving out the most important part:
What the looters get out of it:
How the money given to Burma et al.
generates (taxpayers) money into the looters’ (congressmen and congresswomen) bank accounts.
thanks
Great video Matthew!
Simply bitcoin comes up when I search
Just got resurrected by YT
Bang on clear and simple to understand message as ever!! A must read "The Anatomy of the State" by Murray N Rothbard also illuminates clearly ..a revelation! Keep up the great work Matthew! :)
Top tier stuff right here. This guy is based. Blkrck however has different plans for btc.
They can't do crap
@@user-xg6yc8ho3w most powerful entity in the world.
How does fundamental research fit into these categories? Researchers are producers, but the utility of their work often isn’t immediate. It can take a long time before their findings lead to results that can be monetized. More often than not, it’s the combined contributions of many researchers that ultimately lead to something practical, not just isolated efforts. For example, we wouldn't have the chips in our phones and computers without early fundamental research in quantum mechanics. Similarly, today's advances in machine learning have roots in the basic research from the 1950s and 60s. Much of this kind of work is done in universities, which, with few exceptions, rely heavily on government funding, directly or indirectly (and that includes private universities too!). In this sense, they could also be seen as dependent on public resources, and thus looters. Companies rarely fund basic research today, due to the uncertain and distant commercial returns. The era of wealthy benefactors, common in the 18th and 19th centuries, is long gone, snd perhaps completely unsustainable today. How can Bitcoin help?
Long, but wrong. Sigh. Bell Labs. Start there.
@@ArnoldSommerfeld Bell labs was one of those exceptions. Privately run R&Ds, and there were many others. However, research does not rely on a single institution! Not all of the research was done at Bell labs, and many of their discoveries were scrutinized and verified by others. Scientific research is highly decentralized in its nature. Bell labs was the exception not the rule.
@@ZalmoxisTube Not as long, but just as wrong. Quantum Mechanics was mostly formulated in the 20s. It did not rely on government funding. Principles of Quantum Mechanics by Dirac. Start there.
Haha. Completely irrelevant! Though, for anyone else reading, I would recommend the textbook by Shankar, it's a much better read. Dirac's book is a tough start.
@@ArnoldSommerfeld Yes, absolutely! You're right no funding was required to pay any scientists, they all volunteered to formulate quantum mechanics
Good morning
Hi Mathew been loving the content as of late. I need more help to re-wire my brain. Not just financially but my thinking as well. Could you supply us with more reading materials and schools of thought so I can properly research having a more independent and decentralized way of life? The internet has been “fixed” to where research on these topics are buried unless you know exactly where to look.
Any chance you could address Whitney Web’s critique of Bitcoin as some form of nefarious Trojan Horse.
I have serious doubts about her motives and who maybe providing her funding.
Ah, government misallocation at its finest.
Nostr, here I come. Thank you, Matthew. I know exactly what I would think if you ou were excommunicated by them.
The great mind trick of fiat currency is wearing off! Go bitcoin!
It all makes more sense when you read the Torah
Hi Matthew - I've been thinking a lot about this topic and wondered what your thoughts are regarding things like USPS and CAH program (healthcare in rural areas) - basically things that would not exist in a free market because they are not profitable but may be a net good.
"...our natural right, often trampled by political looters, sometimes acknowledged by petty tyrants via the Second Amendment."
#PureBlood #PureMoney
Wow loved this video! I was wondering what your thoughts were about a possible recession after fed cut if we're not in one already. Bitcoin hasn't faced one yet except for being born in one. How do you think it will react? What do you think of the 16-year cycle that most assets undergo ...is it possible that Bitcoin avoids this downturn because of its conception and protocols? Thanks Matt 😊!!
You're not on Rumble?
tshirt: " looter or producer: what are you?"
Ayn Rand and George Orwell changed my life for the better many years ago.
The government and the federal reserve are like the old timey taboo gangsters who come into your little family owned shop every month and tell you that your rent has doubled and then help themselves to anything they want without paying and force you to say thank you to them for all they do for you and your family, then smash up your store before they leave, telling you they will see you in a month, still smashing your stuff on the way out the door-
I would love to see a video on practical, doable steps lawmakers could do to abolish the Fed and if you believe anyone has the stomach to actually follow through with it, what kind of political environment would we need to see in order for that to happen. Would this create a monetary vacuum where politicians could come up with something even more nefarious in it's place
I will appreciate if you can make a content about Sudabese pound and the sanctions that led to the collapse the state now ,they need bitcoin for sure 😊
M, You are hitting so many nails on the head. Government crime enterprise is in need of a reset.
Mathew, I have seen charts/pies/etc that show current Bitcoin distribution. And under those, I see people comment on and discuss how the ETF's and big holders like MSTR/Saylor already own "a lot" of the supply. That, on top of how much they continue to buy. I've noticed people say that Bitcoin isn't as decentralized as we thought. I don't agree, but I can see what they mean. That did make me think though, as more time passes without mass Bitcoin adoption, could the percantage of supply held by those previously mentioned grow so big compared to individuals, that it does become problematic in whatever way that may be?
💯💯💯
Is there a source for understanding private GDP? Ie a calculation of GDP that treats government spending as an “overhead expense” as opposed to equating government spending with private production?
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
If YT idd started to take down BTC channels, this is just another proof of BTC winning.
God Bless Satoshi.
Does anyone know specifically why they targeted Simply Bitcoin? I know they were more brash than other channels but not sure what went down.
As a career arsonist, I'm also very upset that my taxes are going to pay for fire departments.
Is this a way of saying 'without government who's going to put out any fires'? 😂
Producers have beeen relabelled as Takers
Looters have been relabelled as Makers.
Algo
I have a question: i am not through the video yet, I stopped where you argue to be forced to pay for a war you do not stand behind - because that kind of bothers me too.
What would, in your mind, legitimize the spending?
- Would you like a tax system where you are forced to pay taxed but you could allocate the usage yourself? (could be implemented via crypto)
- Would you accept the tax if you undoubtedly know that it is a majority vote of the population (akin to a more direct democracy)? (using a crypto-based voting system that is verifiable)
I dont see many other alternatives (additional hypothetical solutions), however in both cases: what prevents the media from manipulating the people to still do what government wants them to do?
I truly see no good path forward for democracy even with crypto. Most people need a leader, they dont think for themselves and follow blindly. Also, half of the population has a lower than average intelligence and they vote too. If you are able to just manipulate the stupid, combined with the noisy behavior of the less stupid, you basically can always construct a majority for anything given the right manipulation. I would even argue that the number of people resistant to media manipulation is far far less than 50%.
More direct democracy would be better.
Abolishing parties alltogether and instead just having working groups for particular issues.
You still have representatives but they contribute to the working groups for the issues relevant to their electorate to produce the legeslation and promote it before a direct vote (replacing the senate).
In practice, many issues would have 2 or more conflicting working groups but it allows representatives to take a stance on each issue rather than everyone being split on party lines.
This could mean two representatives are in the same working group for one issue and opposing working groups on another.
At some point you have to commit to accept supporting a concensus you may disagree with but i think we can do better in how we establish a concesus and what the threshold is.
For things like war and very burdensome legislation, you want a high threshold (supermajority).
The default position should be for government not to intervene.
I believe Elon has suggested automatic sunsen clauses and a lower threshold required to remove a law then to implement it.
These seem like good ways to combat government creep.
I hope Matthew and others agree with these ideas.