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1396 sats \ 2 replies \ @beorange 25 Jan \ on: Naivetes in Bitcoin bitcoin
That Bitcoin alone will solve all evils for our economic system. The truth is that bitcoin is an excellent tool, that if put to good use on the right places, will help us move in the right direction. But us as society will be the ones who will have to walk the walk.
There is a delicate balance to be met because there truly is so much that bitcoin does fix, to the point that it's a meme. But it's so easy to take that and default to bitcoin as the solution to everything..especially when people can also ascribe fiat to so many problems in the world.
There are simply an overwhelming amount of problems in the world. Utopia is only a concept. If it's real then it's likely in the afterlife..
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The way I look at it is that bitcoin fixes this is not wrong but also is to simple.
If bitcoin destroys fiat many things will no longer have the high time preference influence.
Removing fiat is like removing a contamination in your body. We are probably not even aware of all of to negative impacts of fiat. I suspect the affects will get worse before they get better.
So bitcoin doesn't fix everything as much as it replaces a destructive force in society and culture.
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