Re:Bank Failures Come in Waves
by AlexandrB on Tuesday March 21, 2023 @11:15AM
(#35247411)
If we define "theft" this broadly then employment is theft, taxes are theft, interest on loans is theft, etc. Meanwhile deflation favours early adopters forever, and while you could chide me for "missing the boat" that doesn't really work, morally, for people not yet born.
[ Parent
| on HN ]
Re:Bank Failures Come in Waves
by scottiebarnes on Tuesday March 21, 2023 @12:22PM
(#35248413)
> Meanwhile deflation favours early adopters forever, and while you could chide me for "missing the boat" that doesn't really work, morally, for people not yet born.
The deflationary model favors savers over consumers, giving benefit back to people who are willing be patient by forgoing immediate consumption.
You seem concerned that early adopters stand to gain disproportionately from mass adoption. Well, what outcome would you prefer and how would we get there?