Oddbean new post about login | logout Do y’all just think that bitcoin going to $1mil $10mil $100mil is gonna change thing the world & bitcoiners are gonna run the world?
Yes
How so?
Their currency will be valueless even if they print
I think having the power to opt out of the system is world changing already
Are you able to opt out of seeing bitcoin priced in fiat? Do you see that the fiat price does not matter in the long run?
It’s all about rewarding producers and punishing parasites in the economy.
Can we really punish the money printer?
Money printer survives because we let it extract value from us. When price goes up, more and more people want that orange coin for the value they produced. This automatically punishes the money printer.
We can reward the productive class. Eventually that class will demand payment in good money