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Governments print money to keep society from collapsing. What you rail against is a feature not a bug. So many cryptocoin advocates don’t seem to understand ho
by louwrentius 6y ago
Governments print money to keep society from collapsing.
What you rail against is a feature not a bug. So many cryptocoin advocates don’t seem to understand how societies work.
The world can do without BTC just fine. Now more than ever. It doesn’t actually solve a problem we face.
Only those who have Bitcoin seem so adamant about it. No coincidence right? Because we know it needs more ‘suckers’ to buy into the ponzi because no value is ever created.
- mw888 6y agoAh yes. Because wealth transfers to the rich via money printing and bailouts isn’t something people should try and avoid.
- traceddd 6y agoA centrally controlled emission is a feature that has significant downsides. Whether we want this feature is the point of discussion... Societies with economies existed before fiat and this centrally controlled emission seems to be quite shaky now. It’s not about suckers or even wealth, it’s about whether control should be given to a greater entity who may save us, or if such a thing is too important to trust to a very human and often flawed agency. People who are adamant about Bitcoin were already sold on it before they found it. Just as those who adamantly oppose it.
- Macross8299 6y agoI'm not sure billions of dollars of QE that disproportionately benefit banks and the financial class is a desirable feature in any way.