Oddbean new post about login | logout bitcoin is misplaced hope, bitcoin will not solve the problems. Salvation lie with the people. We create all that is consumed and drive the economy.
I agree Bitcoin alone will not solve the problems. But using Bitcoin, we can fix the world.
Central banking works at a much smaller energy cost, you can make fraud claims when you are scammed. bitcoin is a solution in search of a problem that does not exist.
Central banking requires "proof of violence" by state armed forces. Otherwise it doesn't remain central. That is far more costly in energy alone than BTC will ever be.
not every state rules with violence, there are examples of anti-imperialist states. central banking does not require violence to function.
Central banking is a core tenant of communism, whether enforced with violence or not. I'll pass, thanks!