I do agree with the free market aspect. There will be pain and this is the way it has to happen.
I hope humanity can smarten up though. People obviously don't have respect for their money and the time on this planet it took them to earn it.
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It's a chicken-egg feedback loop between fiat incentives and quality of human consciousness. The only way to bootstrap consciousness is via the higher power IMO, of which Bitcoin is a beautiful and mostly pure expression.
Well said