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Actually, given the wealth divide, it's working extremely well. We sometimes underestimate the progress the world has made in the last 100 years. We tend to ov
by bayesianhorse 14y ago
Actually, given the wealth divide, it's working extremely well. We sometimes underestimate the progress the world has made in the last 100 years.
We tend to overlook that we live in the most peaceful times in the history of mankind, and that poverty and hunger in the world is declining steeply.
We don't know what a bitcoin economy will look like. Stimulus packages over the decades have been known to work and not to work. We don't know how a bitcoin economy reacts to depressions and risk. We do know that the current bitcoin economy and any financial engineering (or even just opening a bitcoin-accepting webshop) is extremely more complicated and risky than the traditional money systems.
- Houshalter 14y agoI think he meant that the wealth divide is worse in relative terms. Everyone is richer than a century ago, but the top x% are richer than before, than the poor are richer than before.
- L0j1k 14y agoTroll Level: Expert.