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Re:Bitcoin has little shot at ever being a major global curr... by csomar on Thursday January 11, 2018 @07:12AM (#16123157)
You seem to have a bias against bitcoin. I didn't mention bitcoin is becoming a global currency or even a currency. From my experience and entourage, most people involved in bitcoin are interested in doubling their money and not in changing the system.

My point is: as the system sophisticated, we are turning more resources toward bullshit and fake employment rather than real issues. You can't find decent, healthy food in the city center (which is affordable and doesn't cost a fortune). You can't find reliable housing in the city center too.

You can't find amenities in the suburbs. So you either pay too damn high rent or drive for longer hours. But you can't get to your location in time because we haven't been building reliable transportation or upgrading roads. Instead we are spending money on other stuff and to support countless counts of bureaucratic armies.

This certainly differs from country to country. Some countries are more efficient. Some countries are a blackhole of public money and social workforce.

Re:Bitcoin has little shot at ever being a major global curr... by virgilp on Thursday January 11, 2018 @09:36AM (#16124083)
> You can't find decent, healthy food in the city center (which is affordable and doesn't cost a fortune).

I'd say you can; we're spoiled like that, in that we take for granted that food should cost a fraction of our income. Historically speaking, the income was barely sufficient to cover food. What you're saying is that you can't find cheap sophisticated food and exotic items... yes, that's right, but you never could. We're improving on this, we're not getting worse...

> You can't find reliable housing in the city center too.

It's unclear what you mean by "reliable". For the right price, yes you can, most definitely. "The city center" is by definition a finite resource, so a limited number of people have access to it; if the city is very desirable, some people will always be outpriced (at least, for as long as we have a physical presence/ as long as the "limited number" constraint stays true).

My point is: as the system sophisticated, we did solve a lot of issues (not all, but that's to be expected). Did the bullshit increase? Yes, but so did everything else. And I'd much rather see an increase in bullshit than in, say, war. "Panem et circenses" - you have to keep the people occupied so that they don't become troublemakers. If you can find a reliable way to transform a bullshit occupation into a productive occupation, I'm pretty sure you're going to get extremely rich. This is a hard problem - we're not doing it because we don't know how to do it any better than we currently are, not because we don't want to.