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Those assets only produce income because of the current working population. This isn't strictly required of course, but it has been the case for a long time and
by gibybo 9y ago
Those assets only produce income because of the current working population. This isn't strictly required of course, but it has been the case for a long time and is likely to remain mostly true for the foreseeable future.
- bduerst 9y agoThis is some strange, broad descriptive logic that makes me think you just want to give credit to the working population for retirees. You could make similar claims about consumers or infrastructure being required for assets to make income, or any other facet of an economy. It doesn't make any of it like a ponzi scheme.
- gibybo 9y agoEh I don't think it's a ponzi scheme, I'm just defending that it does have an important property in common: new participants pay for old ones.
- quickthrower2 9y agoCan't wait for post-scarcity. We need something to replace money. Not bitcoin, more something like community asset management.