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posters in this thread also believe that there are bad people in western financial institutions but that 1) the laws and regulations in place ensure that the sy
by ranger207 4y ago
posters in this thread also believe that there are bad people in western financial institutions but that 1) the laws and regulations in place ensure that the system is at least usable by normal people to do useful work, as evidenced by the bajillions of dollars of money made by selling products and services that are not stolen from their bank accounts; and 2) that western financial institutions will not in general repeat the same mistakes as they committed in the past that resulted in things like the Great Depression, and in particular will not last long enough to collect billions of dollars based entirely on hype and become a critical cornerstone of the entire market, as certain centralized exchanges this past year had
- timdaub 4y agowe'll see how this "don't repeat prior mistakes' thing will play out with maxed out inflation, raging corruption in western democracies, moral wars in Ukraine, rising distrust in media and a laissez-faire approach to white collar crime after the financial crisis in 2008.
- spamizbad 4y agoCrypto solves none of those problems because those are social and political problems. You can not free your self from oppression by changing the brand on the boot.
- sharkbot 4y agoI won’t comment about your other topics, but I’ll point out that current inflation is far from “maxed out”, at least in mature Western democracies with their own central bank and currency. ~9% is high historically, but inflation has run hotter in the not-so-distant past. 2% inflation is not a natural state of affairs, it’s a target that’s considered the “appropriate” amount of inflation.