The root cause of what? Again, read carefully, I don't think I'm saying what you think I'm saying. I never said fiat was the root cause of anything. I said it was an augmentation of the powers of the uppermost class. It takes the nature of the system to the extreme. Bitcoin will help remove those augmented powers, but as I said in the last thread, the ruling class was still very much capable of abusing the hell out of us when they only had hard money.
I don't think it's a cure all. It can help solve a lot of problems, but it won't change human nature and how we leverage power dynamics. This is another of those borderline religious idealizations. Bitcoin is amazing at what it does, but it can't fix *everything*. It can only fix the things that directly stem from the quality of the money.
TheOneWithAReallyLongName
npub1f2…3wnvu
2024-09-02 09:43:33
in reply to nevent1q…6mgd
Author Public Key
npub1f2d7g0p206c5nqjqfhftvrxg8u25gy6egqpv290qk27nc60k0fms43wnvuPublished at
2024-09-02 09:43:33Event JSON
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"content": "The root cause of what? Again, read carefully, I don't think I'm saying what you think I'm saying. I never said fiat was the root cause of anything. I said it was an augmentation of the powers of the uppermost class. It takes the nature of the system to the extreme. Bitcoin will help remove those augmented powers, but as I said in the last thread, the ruling class was still very much capable of abusing the hell out of us when they only had hard money.\n\nI don't think it's a cure all. It can help solve a lot of problems, but it won't change human nature and how we leverage power dynamics. This is another of those borderline religious idealizations. Bitcoin is amazing at what it does, but it can't fix *everything*. It can only fix the things that directly stem from the quality of the money.",
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