@theswansjr The real lesson is when you realise that there's also nothing of intrinsic value leaving one account and arriving in another in a traditional bank transfer. Traditional banks and Bitcoin are both just value transfer networks and both are just moving information.
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People think our government needs to fix poverty.
We know what causes poverty, but what causes PROSPERITY?
Government cannot create prosperity.
The welfare state does not eliminate poverty, it actually institutionalises it.
It creates a system where you are rewarded for being dependent on the state. It justifies giving out more and more grants.
The people that work and create wealth get punished with more & higher taxes. Just recently, we see how SARS is closing the net on social media influences & crypto traders. Government wants to take money from us as we try to get ahead.
Every Rand taken from us in taxes is a Rand that we can’t use to start a business, pay off debt or invest. Because government thinks it knows best where our money should be spent , which is, on grant recipients & govt employees to make sure they hold their loyalty in the next elections.
Economic freedom, not government redistribution of wealth is the real path to prosperity.