Crypto vs houses also has the problem that the former is hard to reposses. So not great to base a financial system, where people will default/be scammers/etc on. But of course they consider this a pro not a con. As they are often “im mad gov spend some money (muh taxus!!!1!!) on stuff I disagree with” types. So hoarding would be worse but now in crypto. And there is no reason why speculation in cryptoshit and real estate cant exist both at the same time, like now in reality. Gold didnt fix housing, so why would bitcoin. But yeah, think they are the common clay of the new west.
You’ve got to remember that these are just simple farmers crypto miners. These are people of the land. The common clay of the new West. You know. Morons
mhm and how would Bitcoin fix those problems though? Can those Techbros actually answer that?
Value of number goes up, this fixes inflation somehow
I think the argument he is trying to make is that with speculative investment driven to bitcoin, it will reduce hoarding over assets as an investment.
Of course that leads to questions about why we allow assets to be hoarded and seems like a capitalism issue but you know
After reading The Ragged Trousered Philanthropists, I do kind of wonder if money should expire.
Doesn’t solve the problems of private property and capital, ofc.
Crypto vs houses also has the problem that the former is hard to reposses. So not great to base a financial system, where people will default/be scammers/etc on. But of course they consider this a pro not a con. As they are often “im mad gov spend some money (muh taxus!!!1!!) on stuff I disagree with” types. So hoarding would be worse but now in crypto. And there is no reason why speculation in cryptoshit and real estate cant exist both at the same time, like now in reality. Gold didnt fix housing, so why would bitcoin. But yeah, think they are the common clay of the new west.
You’ve got to remember that these are just simple
farmerscrypto miners. These are people of the land. The common clay of the new West. You know. MoronsEasier to launder. Maybe. 🤔
That’s why my savings are all in undistressed jeans. Appreciates in resale with each use and machine-washable.
We all fuckin know they can’t but it’s sure fun to watch the idjits try