Bruh, arguing a static economic model a la #bitcoin or similar doesn’t solve consumer driven economies, and the interest rate of a consumer driven economy is why there is inflation, since interest devalues money.
And the demonising a democratic government shows how weak the choice of politicians have been.
Now, the idea that a static scarcity would solve people’s problem, rather those early coiners is a bit of a boiler room arguments and doesn’t really work.
A pyramid scheme doesn’t serve the late generation.
This again because the core value of the current bitcoin pyramid scheme is the fiat gone into it, and sinks when the fiat is pulled out.
You can’t trust freedom when it’s not in your hands friend.
Replies (3)
Bitcoin changes incentives and time preference.
Fiat inflation drives the consumption that chains us.
Perhaps we don't have to be focused on being one of the largest consumers. 🤷
If you describe Bitcoin as a pyramid scheme then you no nothing at all substantial about it, or you have no idea what a pyramid scheme is
This is how all property works, the more scarce, the more long term holders benefit over newcomers.
In fact this is also how all currencies work.
The longer I'm holding a currency & recieving a return the more currency I'm going to have compared to newcomers.
The beauty of Bitcoin is my currency probably won't make me a return of more currency just because I'm holding it - rather I will have to continue to trade goods & services for more coins.
How much nonsense can you fit in one note?
