570 sats \ 2 replies \ @kepford 23 Jan \ parent \ on: Expensive fridges are dying young. Owners are suing, claiming fraud tech
Yeah no question. I know some people that work in the auto components industry and it is wild how much goes into making an automobile.
My guess on Elon is that he has no desire to make a "buy it for life" anything. Not under fiat I mean. Especially not as a publicly traded company. The fiat system pushes for short term financial gains. That is the other aspect that affects everything. Its more indirect but all of our time preferences are affected by the money used by society. Bad money. Bad incentives.
That's my thought at least for what its worth.
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10 sats \ 1 reply \ @kr 23 Jan
yeah that’s fair, and i think you’re generally right that fiat tilts the world towards short-term goals over long-term ones… i wonder how many more bitcoiners need to exist before people start building products with extremely long time horizons.
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451 sats \ 0 replies \ @kepford 23 Jan
My guess is a couple generations until we see a true trend reversal.
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