Leo Fernevak on Nostr: Right. First of all, I wonder what the benefits of the old 'financial elites' were. ...
Right.
First of all, I wonder what the benefits of the old 'financial elites' were.
They became wealthy in a heavily rigged system of monetary monopoly and moneyprinting, were real estate was used as an investment vehivle injected with ever inflationary money, pricing out younger generations and making it hard for young people to establish a family.
At least a high percentage of bitcoiners are adherents of individual liberties, free markets and property rights and vehemently oppose totalitarianism, communism and fascism.
On a bitcoin standard we can expect real estate to fall in price denominated in bitcoin, allowing families to build a home and raise children.
On a bitcoin standard, wealth is earned to a higher degree than before; no moneyprinting injecting the economy with false capital allocation.
Regarding distribution of resources, that comes down to free agency, knowledge and preferences. Bitcoin is the most fair monetary system we can possibly design. Equal playing rules for all with no special privileges. That is revolutionary. Certainly those who make a living out of theft and rigging markets will hate bitcoin.
First of all, I wonder what the benefits of the old 'financial elites' were.
They became wealthy in a heavily rigged system of monetary monopoly and moneyprinting, were real estate was used as an investment vehivle injected with ever inflationary money, pricing out younger generations and making it hard for young people to establish a family.
At least a high percentage of bitcoiners are adherents of individual liberties, free markets and property rights and vehemently oppose totalitarianism, communism and fascism.
On a bitcoin standard we can expect real estate to fall in price denominated in bitcoin, allowing families to build a home and raise children.
On a bitcoin standard, wealth is earned to a higher degree than before; no moneyprinting injecting the economy with false capital allocation.
Regarding distribution of resources, that comes down to free agency, knowledge and preferences. Bitcoin is the most fair monetary system we can possibly design. Equal playing rules for all with no special privileges. That is revolutionary. Certainly those who make a living out of theft and rigging markets will hate bitcoin.