Re:People don't want to run their own bank
by logicalmonster on Friday February 04, 2022 @03:43PM
(#30212860)
> I am just not sure that Bitcoin etc. are the solution
Bitcoin probably isn't the ultimate solution out there, but I'm simply pointing out that it at least doesn't have an attribute that allows you to steal value through inflating the currency.
Inflation is a particularly pernicious theft from people: most people don't realize where it comes from and just think that "prices go up over time" without realizing what's happening. The awful media even tries to gaslight people that they're doing better because "wages go up too."
> vs. better wages (more collective bargaining?), automatic tax adjusters etc.
There's a lot more that can be done to help non-rich people, but the problem is that one's opinion of what's actually helpful to people change when you really begin to understand economics and prioritizing systems over goals.
Bitcoin probably isn't the ultimate solution out there, but I'm simply pointing out that it at least doesn't have an attribute that allows you to steal value through inflating the currency.
Inflation is a particularly pernicious theft from people: most people don't realize where it comes from and just think that "prices go up over time" without realizing what's happening. The awful media even tries to gaslight people that they're doing better because "wages go up too."
> vs. better wages (more collective bargaining?), automatic tax adjusters etc.
There's a lot more that can be done to help non-rich people, but the problem is that one's opinion of what's actually helpful to people change when you really begin to understand economics and prioritizing systems over goals.