Mischa on Nostr: Inspired by the recent interview of Jeff Booth Natalie Many of our societal problems ...
Inspired by the recent interview of Jeff Booth (npub1s05…eyhe) Natalie (npub1ahx…5ech)
Many of our societal problems can be traced back to our monetary system. We live in a system designed to create an annual inflation rate of about 1-2%. But what does this actually mean?
Technological progress enables us to make work processes more efficient and solve problems more effectively. Theoretically, products and services should become cheaper as more can be achieved with less effort.
However, our current monetary system prevents this. Due to deliberate inflation, technological progress is essentially “printed away”: prices rise artificially instead of falling. This happens because central banks inject new money into the economy to meet inflation targets. This newly created money is distributed unequally, and not everyone benefits equally.
Those who control the monetary system benefit the most, as they directly participate in money creation. Historically, people or groups with this power have always used it to their own advantage in the long run.
A possible solution to this problem could be Bitcoin. Unlike our current monetary system, the number of Bitcoins is limited. Its decentralized structure ensures that no one in the network can gain an unfair advantage. If Bitcoin can remain decentralized in the long term and resist external influence, it could be recognized as a stable and fair monetary system. This would mean that the power over money no longer rests in the hands of a few, and the benefits of progress could be distributed more equitably. Bitcoin has the potential to foster greater trust, justice, and economic stability by laying the foundation for a fair and transparent monetary system.
Many of our societal problems can be traced back to our monetary system. We live in a system designed to create an annual inflation rate of about 1-2%. But what does this actually mean?
Technological progress enables us to make work processes more efficient and solve problems more effectively. Theoretically, products and services should become cheaper as more can be achieved with less effort.
However, our current monetary system prevents this. Due to deliberate inflation, technological progress is essentially “printed away”: prices rise artificially instead of falling. This happens because central banks inject new money into the economy to meet inflation targets. This newly created money is distributed unequally, and not everyone benefits equally.
Those who control the monetary system benefit the most, as they directly participate in money creation. Historically, people or groups with this power have always used it to their own advantage in the long run.
A possible solution to this problem could be Bitcoin. Unlike our current monetary system, the number of Bitcoins is limited. Its decentralized structure ensures that no one in the network can gain an unfair advantage. If Bitcoin can remain decentralized in the long term and resist external influence, it could be recognized as a stable and fair monetary system. This would mean that the power over money no longer rests in the hands of a few, and the benefits of progress could be distributed more equitably. Bitcoin has the potential to foster greater trust, justice, and economic stability by laying the foundation for a fair and transparent monetary system.