Re:How to Kill Bitcoin (Part 2)
by korijn on Tuesday March 09, 2021 @01:19PM
(#26401730)
This life is not just about expanding our wealth.
[ Parent
| on HN ]
In our current capitalist economy, most people spend majority of their life just working and saving for their retirements.
That's not something I disagree with. I do that. But via traditional means (I generate something of value and get wealth in return), not solely by using my wealth to generate more wealth.
I hate bitcoin because you can only participate (and become more wealthy) if you're already fortunate/privileged enough to be wealthy. It's just another thing that helps increase the divide between rich and poor.
> In our current capitalist economy
Hasn't this always been the case, for all of humanity's existence?
"Cursed is the ground because of you; through painful toil you will eat from it"
Re:How to Kill Bitcoin (Part 2)
by morlockabove on Wednesday March 10, 2021 @05:35AM
(#26409864)
Everything bad is because of [buzzword that represents everything bad about the current social order].
Do lefties have a "not real capitalism" meme like the "not real communism" meme for righties?
It is absolutely not - where did I say it was? But you do invest your money in stocks or bonds don't you? Why couldn't you have invested 1% of your capital in BTC in 2018? Just treat it as one of those investments which went well?