Frederick Douglass ╽Escaping Slavery – A Story Of Risk, Freedom & Triumph — THE CHRONICLES OF HISTORY

Today In History – Frederick Douglass is born on February 14th, 1818. He was a social reformer, abolitionist, orator, writer, and statesman after escaping from slavery in Maryland. Douglass became a national leader of the abolitionist movement in New York and Massachusetts. His work and anti-slavery writing became famous around the world. Note: Records are […]

Frederick Douglass ╽Escaping Slavery – A Story Of Risk, Freedom & Triumph — THE CHRONICLES OF HISTORY

Bitcoin’s not for Ethiopian clothes workers – it’s a private party

A few days ago the magical monopoly money made out of thin air was valued at around $50,000, simply human madness. It’s a private party of course and only those rich enough can play. For instance the Ethiopian garment workers earning $7 a week who keep the consumerist economies afloat so that they can play the Bitcoin game will never be able to participate. If an Ethiopian could use all their weekly $7 to save for one Bitcoin it would take them over 137 years. Alternatively if 137 Ethiopian workers starved themselves and didn’t pay any bills for a year then they could buy a Bitcoin assuming that the price hadn’t changed of course or that while they saved they weren’t charged negative interest by the global banking system. There is something deeply disturbing and immoral about money and wealth and few it seem question the system especially when consuming the work of exploited third world labour.

https://www.aljazeera.com/economy/2021/2/9/bitcoin-nears-50000-as-cryptocurrencies-ride-tesla-wave