Oddbean new post about login | logout End wars, adopt #Bitcoin.
Lfg adopt btc 1nd come safe
I’ve come around to the fact that all of our systems are broken. BTC will fix that over time. Having a proper secure savings account for everyone will be great. Want to blow up a country? Government will have to beg you for money.
Not as long as they control the money that pays for the wars. I think we may see two monetary societies emerge. 1. #pow We the People (ie #btc ) 2. fiat masters and slaves Fuax Elite (print/mint more) The question becomes; even if people stop paying taxes and move 100% to #bitcoin and #proofofwork economy; does that in and of itself eliminate the Faux Elite risk? Will hodling and using BTC be enough to stop the madness?
Their purchasing power will decrease over time :). One can only hope.
That’s my point though… If they keep printing; it will look like Zimbabwe, Venezuela, Argentina, etc. 1 Trillion “dollar” notes… Theoretically they can print into obvliion. It won’t be until “we the people” stop transacting in it that it will matter.