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@tiotasram@kolektiva.social
2025-11-18 12:11:51

This is a subtweet...
People who are not anti-capitalist sometimes wonder: "Why is there a monopoly on X life-critical thing?" (E.g., epipens, insulin, web search).
This one is really simple actually: because monopolies are more profitable than competition, and the foundation of capitalism is that capital = power.
Various societies have recognized the necropolitical outcomes of monopolies and have tried to erect barriers to monopoly; we all know that monopolies are bad, death-and-suffering-causing things. But since these societies mostly remain capitalist, they allow these barriers to be eroded by the power of capital (to do otherwise would be to repudiate capitalism because it puts a limit on the power of money). The barriers are ineffective, and the capital = power equation holds, and monopolies result and get to do their killing & maiming thing (remember: even things like social media monopolies that you wouldn't expect to pay for political assassinations like a mining company still profit from inciting genocides). *Sometimes* there are oligopolies instead of monopolies, but instances of really competitive markets are pretty rare for things that are widely sought-after.
The "government will manage the markets to prevent bad outcomes like monopolies" strategy has failed repeatedly, spectacularly, and almost universally. To actually prevent monopolies you need a population that no longer believes that money should equal power, it's that simple. Sadly, it's actually not that simple, since all of the alternatives which equate something else to power, like "the king" or "party loyalty as judged by the supreme leader" have the same problems or worse. The attitude you need to cultivate is "nobody should have power," which is hard because *all* of the power-systems we have constantly propagandize against this attitude in myriad ways. Still, in the future once we've broken free of this age where hierarchy is accepted, people will look back and wonder whether the historical records are even credible given how much needless death and suffering were endured with little resistance.
#anarchy #capitalism

@Techmeme@techhub.social
2025-12-15 14:15:38

Lightspeed raised a record $9B across six funds to invest in AI, with $3.3B to back breakout companies like Anthropic; Lightspeed has backed 165 AI startups (Erin Griffith/New York Times)
nytimes.com/2025/12/15/technol

@Techmeme@techhub.social
2025-11-15 01:25:54

Sources: Apptronik, a humanoid robot maker backed by Google, is in the process of raising at least $400M led by B Capital at a $5B pre-money valuation (The Information)
theinformation.com/articles/go

@pre@boing.world
2025-11-22 10:39:50
Content warning: bitcoin conference report

Despite much opinion to the contrary, the government money we use is crappy.
I'm at bitfest in Manchester to find out if Bitcoin could be a better money.
It could hardly be worse.
The mood is still good, people are joking about recent devaluation rather than crying. Those who aren't all in are trying to buy more at the discount.
After an introduction by Mad Bitcoins, Joe Bryan explains the problem with government money.
He imagines an island on which two types of money are tried, with a dividing wall between them.
When economic problems hit, government can just print more money on the fiat side. Everyone now using money which is worth less. Distorting prices, inflating asset prices, making the rich (who hold assets) richer and the poor (who have to pay inflated prices) poorer. Driving wealth inequality.
On the hard money side, government must tax properly. Take in more from the rich rather than inflating to take it from the poor. Reducing wealth inequality.
On the government money side, the wealthy monitize houses, stocks, resources. Saving in money is impossible, its inflated away. So they save in assets and hording resources. Capital is misallocated. The youth can't afford houses. Poverty traps are caused. The only way out is printing more for benefits. Making it all worse. More economic crises, more printing. More government debt.
Eventually, the wall is broken. Government money people can save in the hard money instead. It reduces the value of government money further. More printing. More inflation.
Eventually, war. Funded by printed money.
The dollar is the best of a bad bunch all other government money is falling in value even faster.
I wonder, is bitcoin really this better money though? It's limited, hard, and can't be printed without energy investment.
I'm still unsure that fixing money fixes the world.
--
Note: "crypto" is mostly more like government money than bitcoin. It can be printed indefinitely by it's makers, does not cost it's makers to print. Crypto is usually just a scam people to get more bitcoin. Bitcoin is not crypto.
#bitfest #bitcoin

@boris@cosocial.ca
2025-11-21 16:31:14

Money capital follows vectors.
[contains quote post or other embedded content] bsky.app/profile/bmann.ca/post

@threeofus@mstdn.social
2025-10-21 12:13:26

1/ Money is definitely a serious cause of tension between C and I. I resent the fact that she has so much money in the bank but I’m the one bringing in most of the money on a day to day basis. I’m capital poor but have a decent income and she’s the opposite. This dynamic means that I have to watch what I spend while she continues to buy whatever she wants. To be fair, she does pull her weight on the general outgoings but I resent the fact she has additional cash to throw around that I do…

@pre@boing.world
2025-11-22 11:20:28
Content warning: re: bitcoin conference report

Britain is broken, in various ways. Could adopting bitcoin help it bounce back?
Renegade Investor thinks so.
Central banks printing money causes government debt and artificially low interest rates. Their monetary policy is political and done for bankers not for people.
Bitcoin monitory policy is fixed.
Lockdown during pandemic was funded by money printing, and caused a big inflation pump and government debt increase. It caused the current cost of living crisis.
Lockdown could have been impossible under a bitcoin standard.
In pounds the cost of living has gone up lots over the last decade. But in bitcoin it's gone down massively.
He thinks wealth redistribution is taking money from productive people and giving it to those who aren't increasing the country wealth. Here I disagree entirely. Wealth is reality being taken from the workers and given to the capital owners. We are redistributing wealth towards the rich currently. Taking the wealth created by workers to give to idle owners.
I also wonder, would limited government power be good? Did the lockdown save lives? Would it do do under a worse pandemic? Limited government power may be double edged.
Not sure why he thinks immigration is funded by government, rather than immigrants increasing the country wealth. Seems to think bitcoin could reduce immigration, which I find unbelievable and undesirable.
This talk I disagree with quite a lot.
#bitcoin #bitfest #britain

@Techmeme@techhub.social
2025-09-30 13:10:51

Chipmaker Cerebras Systems raised a $1.1B Series G from Fidelity, Trump Jr.'s 1789 Capital, and others at an $8.1B post-money valuation ahead of its planned IPO (Rebecca Szkutak/TechCrunch)
techcrunch.com/2025/09/30/a-ye

@pre@boing.world
2025-11-23 17:45:52
Content warning: re: bitcoin conference report

Finally, Martin from BTC Prague wonders how to empower bitcoiners in the UK.
He's inspired by many UK scientists and artists and creators.
But he thinks it's declining. Socialism and regulation reducing freedom.
His home country had a peaceful velvet revolution, ending communism in the 80s.
And it now has a law that there is no capital gains tax on long term held bitcoin!
The UK, he thinks, needs to build new strong bitcoin based money to have it's own peaceful revolution.
#bitfest #bitcoin #uk