3 ms·
Agreed 100%. Satoshi thought bailouts were the problem, but concentrated power was the problem. The libertarian "cure" of stronger property rights only exacerb
by jjoonathan 4y ago
Agreed 100%.
Satoshi thought bailouts were the problem, but concentrated power was the problem. The libertarian "cure" of stronger property rights only exacerbates power concentration because concentrated power is in the best position to exploit stronger property rights. Cue exponential growth.