The currency caste system:
A very small number of rich countries print high-quality fiat (for now) to buy stuff while the overwhelming number of countries can’t and instead have to export stuff *we* want (instead of focus on making stuff they need) to earn high-quality fiat
This currency caste system ensures that most countries never develop sovereignty and instead grow dependency
But! This caste system is completely upended if all countries and people eventually settle in the same global neutral currency that no one state or group of states can print arbitrarily
This is the ultimate promise of Bitcoin: ending the global monetary inequality that enriches a tiny few by causing needless suffering for so many
gladstein
npub1tr…8hdpu
2023-08-12 16:31:04
Author Public Key
npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpuPublished at
2023-08-12 16:31:04Event JSON
{
"id": "ec502ff17817519f8b8c6f67c1dae997608f5f6924fbb116e6eb1690286d282c",
"pubkey": "58c741aa630c2da35a56a77c1d05381908bd10504fdd2d8b43f725efa6d23196",
"created_at": 1691857864,
"kind": 1,
"tags": [],
"content": "The currency caste system:\n\nA very small number of rich countries print high-quality fiat (for now) to buy stuff while the overwhelming number of countries can’t and instead have to export stuff *we* want (instead of focus on making stuff they need) to earn high-quality fiat\n\nThis currency caste system ensures that most countries never develop sovereignty and instead grow dependency\n\nBut! This caste system is completely upended if all countries and people eventually settle in the same global neutral currency that no one state or group of states can print arbitrarily\n\nThis is the ultimate promise of Bitcoin: ending the global monetary inequality that enriches a tiny few by causing needless suffering for so many",
"sig": "ee44927fd31cd8765a6ea17584838ea65b794c9b4a688cef02a9d0ac2ba88a1a1b0c2b3336fe8d21bb4a7e02abba530d80aa4e5d4afffd19d286fd1a0003b827"
}