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Bitcoin is hope. It sounds weird, but it's actually the solution to all of these problems. The corruption of centrally governed monetary systems corrupts all in
by Geee 4y ago
Bitcoin is hope. It sounds weird, but it's actually the solution to all of these problems. The corruption of centrally governed monetary systems corrupts all incentives in the world.
For example, if people are more conservative about consumption, it would lead to prices falling, i.e. CPI deflation. However, central banks have a mandate to keep inflation at 2%. They fix this by issuing more money, and lending it to those who consume more. This causes both climate catastrophe and wealth inequality, and is against the free will of people, who want to limit consumption to save the planet. Because of this, it's literally impossible to solve the climate crisis under the current monetary system.
Workers, billionaires, media, corruption.. It's all there to support the same fallacy of overconsumption and overproduction. It all starts from central banks. Poor people lose and billionaires who are close to banks win.
This system is fundamentally broken. We all vote for more of it, because of our own incentives. Bitcoin is the hard stop to this madness.
- andirk 4y agoI agree that bitcoin solves a lot of the issues of corruption in governments by democratizing the currency rather than a centralized fiat that gets abused. However, bitcoin itself can become centralized if we do not all take a small stake in it via running nodes or at least participating in them.