“There are no solutions, only tradeoffs.” - Dr. Thomas Sowell I believe this is true in economic, political - and really, all of life. Now I’m thinking about how this applies to Bitcoin. “Bitcoin solves this.” What are the tradeoffs?

The most basic question is not what is best, but who shall decide what is best. -Dr. Thomas Sowell This is foundational to civilization because we’ll never agree on what is best. Everyone has their own opinion and belief, and we’ll never get consensus. So civilization depends on our understanding that, and allowing others to decide what’s best for them, as we decide what’s best for ourselves.

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. ~Ernest Hemingway