Oddbean new post about | logout
 Respect to that woman! Very big of her, especially the /process/ she chose.

In theory, owners are compensated for the risk they take in buying other people's time, for doing the R&D that led to the patent, for tying up their money in land.

In places that actually exist, no one actually makes much profit that way unless they can make use of privileged access to political / regulatory power and information. 

Inflation is only one small part of the rent-seeking by the powerful.

Bitcoin doesn't fix all this directly, but it does as a weapon to de-fund the b*stards.

Respect again to that woman for opting-out, but, without fixing the system, the money donated will be recaptured...