Theory of Everything on Nostr: Sad to say but Bitcoin is not much different. Even in El Salvador most of the poorest ...
Sad to say but Bitcoin is not much different. Even in El Salvador most of the poorest people just sold their 30$, That’s about a days worth of money for me, Maybe 2 weeks for them. Capitalism is and will never be “fair”. It is easier to imagine the end of the world (nukes) than the end of capitalism. El Salvador repaying it’s debt to the IMF will do more to solve the poverty there than any of the Bitcoin companies moving to be based in El Salvador. If everyone in the world could somehow download an equal share of the whole Bitcoin supply it would be “fair”. If anything Bitcoin is hyper capitalism. Money you acquire through energy or work that ideally you never use to recapitalise later. It is actually more unfair than dollars, It helps only the individual. But it does help.
Published at
2024-04-30 03:13:31Event JSON
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"content": "Sad to say but Bitcoin is not much different. Even in El Salvador most of the poorest people just sold their 30$, That’s about a days worth of money for me, Maybe 2 weeks for them. Capitalism is and will never be “fair”. It is easier to imagine the end of the world (nukes) than the end of capitalism. El Salvador repaying it’s debt to the IMF will do more to solve the poverty there than any of the Bitcoin companies moving to be based in El Salvador. If everyone in the world could somehow download an equal share of the whole Bitcoin supply it would be “fair”. If anything Bitcoin is hyper capitalism. Money you acquire through energy or work that ideally you never use to recapitalise later. It is actually more unfair than dollars, It helps only the individual. But it does help.",
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