Damn you are blind aren't you?
Bitcoin = dollar = fiat
Dollar (1913 - present day)
Bitcoin (2009 - 2017)
You just lived over 100 years of history in 8 years.
Spoiler: it doesn't work
-pretends to be backed by something
-"better" than gold
-Births a "stock market"
-altcoins = penny stocks
-"corporate" coins emerge
-Bitcoin is king of its exchange domain (cash is king)
-over 600 altcoins = other countries fiat competing with the dollar
-China buys all the Bitcoin (treasuries)
-game over race to the bottom
Fiat cucked bluepilled snowflakes can't you see?
Swamp to be drained and you better hope it will change.
Black swans incoming.
January 21, 2017
BTC was a history lesson
January 20, 2017
Material Wealth
Is material wealth relevant anymore?
People often compare the economy to a large pie, where you get less if I get more and there's only so much to go around. That might have been relevant a century ago, but since the dawn of the fiat currency, the game has changed. We can derive value from things that aren't limited by tangibility; things like contracts or vidya or just experiences. Money can be created from thin air via the fractional reserve system. Our cash is slowly being phased into electrons in wires and over the air. Does the pie example matter anymore? Have we finally broken the final chains against true progress? Once we overcome fear and anxiety, will growth continue unabated?
I've been thinking about this a lot recently and I'm both terrified and in awe. Please discuss.
>Secret to wealth: Invest in spider funds and hold for thirty years
>>1745189 (OP)
>Is material wealth relevant anymore?
to anybody who is starving, without clean water, impoverished or unable to afford quality housing or amenities, yes. very much
People often compare the economy to a large pie, where you get less if I get more and there's only so much to go around. That might have been relevant a century ago, but since the dawn of the fiat currency, the game has changed. We can derive value from things that aren't limited by tangibility; things like contracts or vidya or just experiences. Money can be created from thin air via the fractional reserve system. Our cash is slowly being phased into electrons in wires and over the air. Does the pie example matter anymore? Have we finally broken the final chains against true progress? Once we overcome fear and anxiety, will growth continue unabated?
I've been thinking about this a lot recently and I'm both terrified and in awe. Please discuss.
>Secret to wealth: Invest in spider funds and hold for thirty years
>>1745189 (OP)
>Is material wealth relevant anymore?
to anybody who is starving, without clean water, impoverished or unable to afford quality housing or amenities, yes. very much
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