Post by Bäretta 🇨🇿
The currency caste system:
A very small number of rich countries print high-quality fiat (for now) to buy stuff while the overwhelming number of countries can’t and instead have to export stuff *we* want (instead of focus on making stuff they need) to earn high-quality fiat
This currency caste system ensures that most countries never develop sovereignty and instead grow dependency
But! This caste system is completely upended if all countries and people eventually settle in the same global neutral currency that no one state or group of states can print arbitrarily
This is the ultimate promise of Bitcoin: ending the global monetary inequality that enriches a tiny few by causing needless suffering for so many
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Perfect.
As always right on point Alex!!
If people still do not see this after more than 10 years bitcoins existing they will see it never.
"High quality fiat" sounds like "high quality ponzi". Is a high quality ponzi better then a simple one?
I agree with most of your post but I do think it’s worth pointing out that the “third world” had rapidly and dramatically come out of poverty.
Something like 45,000 people exit poverty every hour around the world.
30 years ago most of the world lived on less than dollar a day.
when they discover selling oil and gold for bitcoin.

💯
The system of capitalism will do anything to protect it.
Since 1913 we've been having a private corporation print out of thin air, and lend to the politicians every dollar in circulation. We are taxed to pay interest on all this counterfeited money. Bitcoin is the free market answer to being enslaved by the devaluing of the money we earn.
The rich nations are so because of their ideas and historical protection of individual property rights, in a word capitalism.
Bitcoin will help people better defend their individual property (where it is Bitcoin), but if the population believes in socialism it may not fix this, China, North Korea,... show more
The people at the top sure believe in it, the peasants at the bottom less so!
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