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Thank you for ellaborating. It seems like your argument is centered around inflation, which is a relatively new phenomenon. Regarding consumerism, perhaps you
by scribu 9y ago
Thank you for ellaborating.
It seems like your argument is centered around inflation, which is a relatively new phenomenon.
Regarding consumerism, perhaps you’re right that lack of inflation will reduce it. But what if, after a certain point, consumerism is the main driver of economic growth, the thing that enables all the really good stuff to develop, such as scientific development?
Regarding warfare, before fiat currency, you could argue that some wars were waged in order to get access to gold and silver mines. But I hope you’ll agree that those were only a small minority.
I’m excluding violence for the purpose of simply stealing gold and silver outright, because the equivalent can still happen in a blockchain world - just point a gun to someone’s head and tell them to transfer all their coins to your account.
- jMyles 9y agoWell, not only inflation, but a disarming of the international corporate state's sole franchise in trade. Smart contracts cross borders in a nearly frictionless manner; the same cannot be said of Coca Cola or the World Bank.