@kuhhbin@TheEconomist Journalists used to write interesting stories. Now they think their job is some soapbox they can make moral arguments from.
Become a priest if you want to give sermons
@ATLCWorker This implies socialism doesn’t affect people in poverty. It certainly does. Upward mobility depends on healthy economy. Socialism wrecks your economy.
@SimplyBitcoin for the people who don’t save in Bitcoin, very bad. Normal bad is very bad. 7 percent a year for 10 years is about double. It’s gonna be that bad or worse
I don’t see a version of hyperbitcoinization that wouldn’t also be reflected in the purchasing power of it, and exchange rates would all reflect that. saifadean is merely taking into account. It’s nice to think we can all use bitcoin without fiat. But both systems are going to be in place for awhile. The on ramps and off ramps shouldn’t be destroyed. your philosophy is sound but there is a particular vulnerability to burning the bridges too early.
Socialism creates k shaped economies. Doesn’t matter who explain It. If you understand it, it’s paternalistic and implements the ide that the economy needs a lower class to operate, so if you cre about egalitarianism and upward mobility. You should limit socialism in government.