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Let’s talk about the collective insanity of economic value based on debt. Figuratively a system where you steal from the future, and cannot ever really escape
by randomhodler84 6y ago
Let’s talk about the collective insanity of economic value based on debt. Figuratively a system where you steal from the future, and cannot ever really escape — the debt is just passed on to the next. By design you cannot get off this merry go round without inflating your currency, so debts can be paid with interest. In fact, debt as a value extraction is IMHo more unethical than any perceived “energy usage” arguments against PoW.
Bitcoin is opting out of this debt system. Hard digital money, like the world has never seen before. Fixed emission, regardless of energy usage or transaction usage. I prefer this kind of crazy.