HODLing Bitcoin From One Natural Disaster To The Next

in #bitcoin7 years ago

Those who follow me on Facebook know that I reported live this week from Hurricane Max in Acapulco, which luckily just missed our area, as opposed to four years ago today where a tropical storm wiped out some local towns and our anarchist rescue team helped in the recovery.

I then arrived yesterday in Mexico City just in time to live stream the 7.1 earthquake that hit the area. (*Note: I spent the evening with Jose Rodriguez of Bitso.com who had been helping the recovery all day and has started a fundraiser to help people in Mexico City HERE.)

Damage at the airport wasn’t bad but most flights were cancelled and I ended up scouring the airport like a vagrant for hours looking for my bag and then searching the entire city for the one remaining hotel room… which the damned price gougers had at $2,000 US for the night… albeit it was the Presidential Suite at the St. Regis. Thank you, by the way, price gougers.

As I write now I am finally on my connecting flight through to Houston, then Denver, then Aspen for the Nexus conference.

Before leaving Anarchapulco, though, I did an interview with the Silver Doctors about bitcoin where we talked about the Chinese fiasco... namely that the Chinese government threatened to kidnap or kill anyone operating a bitcoin exchange within their arbitrary, illusionary sphere of extortion. If I haven’t said it before, let me say now, f**k you, Chinese government.

In any case, as I pointed out, this will essentially prove to be futile in the grand scheme of the cryptocurrency market. All that the Chinese government can do is threaten its citizens with violence to scare them into closing down major exchanges in the mainland.

This will result in forcing existing mainland exchanges to move their operations elsewhere to places like Hong Kong and Singapore. And, eventually, into decentralized exchanges which exist exactly nowhere… try threatening code, government!

As I have said in the past, it is impossible to end bitcoin with a government decree. Bitcoin don’t care, it’s the honey badger of currencies and is based on emotionless mathematical equations. Exchanges, which are centralized, can fear the boot of government stomping down on their faces, but the bitcoin blockchain knows no fear.

Check out the full interview here which goes into further depth about these aforementioned points.

Hopefully there aren’t too many more natural disasters in my near future… but we are nearing September 23rd, which many speculate will have a major event… and today is actually the end of the Jubilee year… if it is this year.

Not to mention the Mexico City earthquake was exactly 32 years ago to the day from the major Earthquake that hit in 1985… and the number 32, reversed, is 23… which is a highly occult number. And the entire country of Mexico had an earthquake drill at 11am on the day of the earthquake… making one wonder… Globalist planned and caused via HAARP? Supernatural? Or all just coincidence?

We’ll just continue to pay attention to the signs and see what happens. Until then, keep calm and HODL bitcoin.

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Price gouging during natural disasters when people are loosing relatives and livelihoods just ain't right. Price gouging = 0 empathy. I think the airlines were also jacking up rates for certain flights in Florida ahead of Irma as well. That kind of opportunism is just disgusting.

Btw, I never really understood the whole "occult number" thing. And what is occult anyways? Something hidden from ordinary perception? Something evil - if there such a thing in the first place?

Price gouging literally saves lives while well-intentioned laws preventing it means goods go to lucky first-comers, meaning the worst for those who need it most, plus price signals don't tell the rest of the economy to shift activities toward relief efforts. You can't legislate away supply/demand any more than gravity. If dollar prices not allowed to move, time/rationing will, which is a far crueler response.

I didn't say gouging should be legislated away! Just saying that under extreme conditions, gouging isn't the right thing to do from a humanitarian/moral perspective. Not everything is numbers and statistics.

Price gouging due to actual scarcity (guy stores water bottles to flip because he lives in a hurricane zone) and price gouging due to enforced monopolism (State-mandated licenses to fly) are two different things, though.

Hi dollarvigilante,
Thanks for the great content

Great advice..7.4 billion ppl in the world 16.578 million bitcoins...2.23 bitcoins per 1000 population. A fraction.

But everyone could be a Satoshi millionaire!

Hallo Jeff.. I still think its false to call yourself an anarchist if you live in a home registered in a country, sometimes use local currencies or fly with airlines that rely on statism and so on...

You can be a "messenger of anarchism" but not an anarchist if you still rely on any statism system, which you told yourself in this post that you do.

Anyway, I am a huge fan of anarcho capitalism and crypto currencies, it took me only mins in april of 2013, when I first saw bitcoin, to understand that was what the world of humans had been waiting for for ages...

So please dont get me wrong... but anarchists do no exists in todays world.. unless you live isolated in a forest and eat animals or steel a boat and live of fish you catch yourself.. then you can call yourself an anarchist... but almost no one does that.. maybe even no one, since most people like the comform of modern society..

About the exchanges.. yes then I also believe that decentralized xchanges are the way to go and bts is the best I have found after extensive testing of all kinds of crypto since 2013... so anyway Bitshares is the answer .. and they cant stop it... and it might be one of the best buys in these times.

I finally used the ledger / bitshares.org today for the first time, after hearing about it for years:

Good stuff.

This video pretty much explains if we are in a bubble or not
https://m.youtube.com/watch?feature=youtu.be&v=A7TuFy0fcuw

always hodl bitcoin!

Yes stack bitcoin, silver and gold!

Bad times will go away.
Always be happy :)

Little flag for selfupvoting.
I hope there will be times where i dont need to explain all.

bots are a bigger problem

My sources tell me to hodl Bitcoin as well. Let's all hodl together!

 

They see me HODLin', they hatin'