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Not everyone ignore Bitcoin because they love fiat or can't handle the disruption. Some do it because enabling a stronger uncontrolled brand of capitalism sound
by throw9017000 6y ago
Not everyone ignore Bitcoin because they love fiat or can't handle the disruption. Some do it because enabling a stronger uncontrolled brand of capitalism sounds like replacing a weaker poison with a stronger one.
- Melting_Harps 6y ago> Not everyone ignore Bitcoin because they love fiat or can't handle the disruption. Some do it because enabling a stronger uncontrolled brand of capitalism sounds like replacing a weaker poison with a stronger one. The fiat World is not Capitalism, it's so far detached from it that even comparing it to that shows just financially illiterate most are; but it's true Bitcoin doesn't solve many things, least of which is financial equality, but that is why founders and early adopters should be awarded: we took all the risk and built the infrastructure. What differs is we have a vested interest in the new adopters succeeding and applying their Human capital and resources to this to create a more sustainable that does ensure it is FAIR. The Fiat World is incredibly unfair, and that is what i think keeps so many from even seeing the many benefits of Capitalism, which I subscribe to (Anarcho-Capitalism) but I understand is inherently flawed. Still, its far more sustainable and beneficial and has already proven to be able to accelerating the advent of renewable energy and more distributed approaches to problem solving without the need for a centralized entity. And for most of my Lifetime that was never thought to be possible, outside of open source tech online, let alone something that could shift the very paradigm for a non-destructive system that treats Capital like an endless dole from the State and Central Banks based relationships. I've been focused on being a multi-planetary Species but the truth is if we haven't solved this glaring issue caused by fiat we have no way of colonizing a planet if we have a business cycle bust/collapse and hyperinflation every 8-15 years, and the aver age of fiat currency is 40 years, which is nothing since Mars will take centuries to millennia but most of the proponents of this fiat system cannot even fathom this, let alone the need for the developing World to enter industrialization and higher standards of manufacturing for us to even have SLIGHT chance and making this happen. Again, I don't think most people are financial literate, let alone deep thinkers on more than just the basic question like: why does my iphone cost so much.