Another example where "Bitcoin fixes this" breaks down. Bitcoin doesn't fix anything. People do. People have to want a future, or at least hope and belief to change their lifestyle and plan for the future. It's sad seeing people with more then half their life behind them, in peak earning years, and have done nothing to prepare for the future. On the other hand, they've lived life to the fullest living in the moment all that time for whatever was most important to them.

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uncleJim21's avatar
uncleJim21 1 year ago
You don’t think bitcoin would: 1. Give the ability of people to save more if they want to 2. Remove the state’s ability to socialize losses to cover for her irresponsible behavior 3. Due to incentives like these make people like her a cautionary tale and encourage lower time preference.