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It seems to me that other cryptos or even CBDCs in the form of centralized databases will be used for that - to distract people from Bitcoin. Even Varoufakis u

• armitron 4y ago
  He said Bitcoin is not good at the macro-level, where it has catastrophic effects for society at large. That's quite a long way from "good for the invidivuals, but not for the governments".
• espadrine 4y ago
  > Even Varoufakis understands that Bitcoin is good for the individuals He is not saying that. He states that individuals that own a lot of it are incentivized to like its fixed monetary policy, at the expense of the safety of the majority. > If you have gold, it is good for you if its supply is limited, fixed if possible. Same with Bitcoin, silver, dollars. (Nb. It is why the rich and powerful traditionally opposed expansionary monetary policy, crying ‘hyperinflation’ at the drop of a hat.) > A fixed money supply translates into a deflationary dynamic which, in a system prone to under-employing its people and under-investing in things society needs (i.e. capitalism), is a catastrophe in the making.
• lottin 4y ago
  You misunderstood everything Varoufakis said.
  • mateuszf 4y ago
    Nope, I think what he said and what he thinks are different things.