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It's not arrogance and not just that it is scammy or wasteful to the environment. Bitcoin is another mechanism the increases inequality. I think Bitcoin is one
by moose_man 3y ago
It's not arrogance and not just that it is scammy or wasteful to the environment. Bitcoin is another mechanism the increases inequality.
I think Bitcoin is one of the many way that the economy is rigged against economically insecure retail investors. The more money that gets funneled from the middle class into Michael Saylor and crew's pocket the closer it brings us to civil war.
Checkout
End Times: Elites, Counter-Elites, and the Path of Political Disintegration by Peter Turchin
https://www.amazon.com/End-Times-Counter-Elites-Political-Disintegration/dp/0593490509 https://www.amazon.com/End-Times-Counter-Elites-Political-Di...
- npoc 3y agoIronically this is exactly what bitcoin fixes. Fiat currency is the main cause of these issues (look up the Cantillon effect as an example). It's a cancer on the world, slowly destroying it. I highly recommend reading "The Creature from Jekyll Island" which explains everything that's wrong with central banking/fiat currencies and will help you understand the devastating effect it is having on the world. Sure, there is a transfer of wealth while bitcoin is monetizing. But you buy bitcoin at the price you deserve. Michael Saylor deserves everything he's going to get. He's a visionary with balls of steel - he's laid it all on the line. If you try to avoid making bitcoin whales richer by not buying bitcoin, you'll simply be cutting off your nose to spite your face.