DecentWisdom on Nostr: Heard WBD debate on BTC standard potential outcomes. Gammon is pessimistic that ...
Heard WBD debate on BTC standard potential outcomes.
Gammon is pessimistic that people will repeat the mistakes of history by creating credit, even on a BTC standard, and end up in the same predicament. Cites that on a gold standard prior groups have committed this mistake.
Booth, on the other hand, is optimistic that a BTC standard will change people's beliefs and adopt to a new way of doing things.
Progressive angle: will the desire to help others create another credit system that people will willingly vote for even under a BTC standard? Will history repeat itself?
What does Lyn think?
Gammon is pessimistic that people will repeat the mistakes of history by creating credit, even on a BTC standard, and end up in the same predicament. Cites that on a gold standard prior groups have committed this mistake.
Booth, on the other hand, is optimistic that a BTC standard will change people's beliefs and adopt to a new way of doing things.
Progressive angle: will the desire to help others create another credit system that people will willingly vote for even under a BTC standard? Will history repeat itself?
What does Lyn think?