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Not because of volatility It's because of fractional reserve and banks and governments colluding to print money out of thin air or just spend most of it. Vola
by jokethrowaway 4y ago
Not because of volatility
It's because of fractional reserve and banks and governments colluding to print money out of thin air or just spend most of it.
Volatility is a different problem: I agree btc is not the solution, we need a political solution for that.
And maybe a currency backed by real things (not necessarily precious metals, common goods would represent the economy better). Either the bank has it and I can get it anytime or it's fraud.
- imtringued 4y ago>It's because of fractional reserve and banks and governments colluding to print money out of thin air or just spend most of it. Have you ever considered that the way money is currently structured requires ever more creative solutions that sound pointless and counterproductive yet are entirely necessary to keep it alive?