Oddbean

I’m halfway through and enjoying anyone’s input. Information is great. However, there is no depth and I have thought of at least 3 great questions that were not asked. I want to love it…I really do. However, seems like seems like a slumber party discussion where you validate each other.

Just finished myself and there are some things us Bitcoiners conveniently handwave away when we talk about moving to a Bitcoin Standard. The general populace are now addicted to credit just as they are sugar and processed foods. I feel like that would be a "pry it out of my cold dead hands" type of response. I'd love to hear people chew into that transition a little more because people aren't just going to openly accept taking it on the chin for the collective team. Moreover, I don't think people think through the violence that will likely occur during such a transition. What were your questions?

What incentives does “free market” capitalism have or certain aspects that makes it more equitable in the distribution of wealth? What’s the psychology behind capitalism failing us for decades now? What point in history did “free market “ capitalism “work” for everyone? These are just a few I thought of before my morning coffee.

Really? In the 70s, like 15% of households had credit cards. Today, it is nearly 80%. We also live in a digital economy where you rarely pay with cash. I'd like to be as optimistic as you but I'd be shocked if there was a massive increase in violence by those that don't have much.

We keep increasing every year for the “have nots”. Our species is very good at adapting and overcoming. Those in power rely on this and so far it has been working. I’m not saying there is no chance of higher crime or violence, but if 2008 bank bailouts didn’t cause a violent revolution…doubt another monetary transition will.