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The fact that you're being downvoted is so typical of the kind of midwits that inhabit HN. People vastly underestimate (read: do not even consider) the role tha
by googthrowaway42 6y ago
The fact that you're being downvoted is so typical of the kind of midwits that inhabit HN. People vastly underestimate (read: do not even consider) the role that vast monetary manipulation has on a society. It creates so many distortions at so many levels. People spend so much of their energy and time on earth engaging with the monetary system and when you do very extreme things to that it creates a lot of problems (many of which have to do with distorting pricing signals and staving off bankruptcy which lead to many people doing completely unproductive work while at the same time giving them the feeling that they are).
- cryptica 6y agoI think that the people who are downvoting me are definitely not nitwits. They are smart, but they're short term thinkers and they think that they can improve things by censoring these kinds of insights. It's not uncommon for me to get many downvotes while people replying in the comments are saying that they agree. The irony is that I don't think that our monetary system is evil. I just think it has been hacked/exploited and needs to be patched/reformed. Probably the central bankers already realize this by now. If it keeps going, even the elites will start losing purchasing power and quality of life and they won't understand why.
- googthrowaway42 6y agoMidwits, not nitwits. Obviously these people are very smart in a particular sense. But yes I agree with you. The super elites with competent financial advisors will just roll over into gold or crypto.
- cryptica 6y agoI didn't realize that was even a word. I guess it crept into our vocabulary for a good reason ;p