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0 sats \ 0 replies \ @llamabyte OP 26 Jul 2023 \ parent \ on: The Future is now: Shitification of pizza. tech
So a concern i have is that the people with good judgement one can trust will eventually wittle down to so few, there won't be enough to restart civilization once this experiment with trusting others with your data goes wrong. The circle gets smaller and smaller as these obvious attacks are presented.
It may just be a guy who can code living under a tarp and another who can bake bread and a few women in a coma on life support popping out babies. /s
Bitcoin has gotten better as fiat has gotten worse, i agree. The Austrian principals are strong with Bitcoin. History shows that fiat currencies eventually devalue.
#BUT
We are in the digital age. A new age unlike any other. CBDC's are a new solution for a new age. They present a solution alongside technologies that did not exist in roman times or in the weimar republic; supply creation/destruction,insurance and digital fiat. The state is internationaly coordinating creation/destruction of the money, commodities (food,oil,silver,gold) in real time in response to real signals a few days if not hours old.