muju on Nostr: The notion of 'late stage capitalism' points to a system in crisis, propped up by an ...
The notion of 'late stage capitalism' points to a system in crisis, propped up by an unsustainable fiat money system based on government-issued funny-money-monopoly-currencies like the U.S. dollar. The dollar's status as the global reserve currency allows the U.S. to print money and accumulate debt on a massive scale. This distorts the economy, exacerbates inequality, and risks eventual collapse.
#Bitcoin presents an alternative with a capped supply and decentralized issuance. As a scarce digital commodity, Bitcoin cannot be debased at will by a central authority. It has the potential to serve as a lifeline in a post-fiat world and on a global scale. If the dollar's reign ends, Bitcoin could offer a path forward using sound money with known rules that no one can change.
As the inevitable end game of the fiat money Ponzi scheme approaches, Bitcoin stands ready as a lifeline to the post-fiat future. The development of Bitcoin's decentralized, sound money system is a vital preparation for the failure of central bank fiat and a world seeking an alternative.
Transitioning to a Bitcoin standard would require time, but doing so could help avoid the worst consequences of late stage fiat money and offer economic freedom from manipulation and mismanagement of money. As people wake up to fiat's flaws, Bitcoin will emerge as the compelling alternative to revive capitalism and build a more sustainable system for the long term.
Published at
2023-03-29 14:09:11Event JSON
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"content": "The notion of 'late stage capitalism' points to a system in crisis, propped up by an unsustainable fiat money system based on government-issued funny-money-monopoly-currencies like the U.S. dollar. The dollar's status as the global reserve currency allows the U.S. to print money and accumulate debt on a massive scale. This distorts the economy, exacerbates inequality, and risks eventual collapse.\n\n#Bitcoin presents an alternative with a capped supply and decentralized issuance. As a scarce digital commodity, Bitcoin cannot be debased at will by a central authority. It has the potential to serve as a lifeline in a post-fiat world and on a global scale. If the dollar's reign ends, Bitcoin could offer a path forward using sound money with known rules that no one can change.\n\nAs the inevitable end game of the fiat money Ponzi scheme approaches, Bitcoin stands ready as a lifeline to the post-fiat future. The development of Bitcoin's decentralized, sound money system is a vital preparation for the failure of central bank fiat and a world seeking an alternative.\n\nTransitioning to a Bitcoin standard would require time, but doing so could help avoid the worst consequences of late stage fiat money and offer economic freedom from manipulation and mismanagement of money. As people wake up to fiat's flaws, Bitcoin will emerge as the compelling alternative to revive capitalism and build a more sustainable system for the long term. https://nostr.build/i/nostr.build_fbc27a7f975900afa24c1bef539b5492d9cc3cc601468bc5769aec28e7bed2f3.jpg https://nostr.build/i/nostr.build_f8cc0c368ba7a0c5083ba69891b6b2d0b72097b8842515c806cd2d4d00f8b2db.jpg",
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