TheOneWithAReallyLongName on Nostr: The root cause of what? Again, read carefully, I don't think I'm saying what you ...
The root cause of what? Again, read carefully, I don't think I'm saying what you think I'm saying. I never said fiat was the root cause of anything. I said it was an augmentation of the powers of the uppermost class. It takes the nature of the system to the extreme. Bitcoin will help remove those augmented powers, but as I said in the last thread, the ruling class was still very much capable of abusing the hell out of us when they only had hard money.
I don't think it's a cure all. It can help solve a lot of problems, but it won't change human nature and how we leverage power dynamics. This is another of those borderline religious idealizations. Bitcoin is amazing at what it does, but it can't fix *everything*. It can only fix the things that directly stem from the quality of the money.
Published at
2024-09-02 09:43:33Event JSON
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"content": "The root cause of what? Again, read carefully, I don't think I'm saying what you think I'm saying. I never said fiat was the root cause of anything. I said it was an augmentation of the powers of the uppermost class. It takes the nature of the system to the extreme. Bitcoin will help remove those augmented powers, but as I said in the last thread, the ruling class was still very much capable of abusing the hell out of us when they only had hard money.\n\nI don't think it's a cure all. It can help solve a lot of problems, but it won't change human nature and how we leverage power dynamics. This is another of those borderline religious idealizations. Bitcoin is amazing at what it does, but it can't fix *everything*. It can only fix the things that directly stem from the quality of the money.",
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