50 sats \ 28 replies \ @fm 2 May \ on: First time in human history that money is mostly in the hands of the pleb. bitcoin
hummmm, money ?
I think you mean btc only..
Distribution of money is not even close
Bitcoin is the only real money in circulation today.
Everything else is debt circulating.
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yeah,
shame cuckbucks is still a thing..
Economy is not a close system.. Despite our maxi´s wet dreams
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The only possible end for an "economy" based on debt is bankrupcy. The only reason it hasn't happened to the $ or the € yet is because they are the biggest. But almost everything bellow them have experienced bankrupcy and all the drama behind it. But the time will come that the $ and the € will also bankrupt. It's really unavoidable.
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that doesnt mean bitcoin is the only money..
It isnt..
Forms of money will always come around..
Economy is not a closed system, FIAT may die and will appear again and again.
Debt is a tool
If bitcoin is the only money, debt will still exist.
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Debt is a tool
No, it is slavery.
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I think you are confusing usury with debt.
debt is a tool that alows progress.
Usury linked to FIAT is slavery since the one who controls the print, controls the money.
But its a common misconception.
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debt is a tool that alows progress.
PEAK IDIOCY
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You are always the slave of your lenders. No exception. That's why they create that pseudo-money called fiat, to enslave you.
That's why bankers own almost everything, because people is so stupid to submit to their issued debt.
Debt is never the solution. Never.
And it is not progress. It is retardation.
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Its only slavery if usury is in the picture.
Lending money is not always bad.. You have plenty examples where you can use bitcoin as collateral and its still debt.
i think most mix the current debt model with debt.
Without debt as tool only monopolies could produce.
Its important to give small producers a tool to produce, sell, and pay back.
If the money emission is not crooked, debt allows markets to figth monopolies
Hustle likes to think of money as an adjective that describes how well something suits the purposes of store of value unit of account and medium of exchange.
The best money and its distrobution will be spearheaded by freaks like us, because most people are too busy, retarded, or arrogant to realize what the best money is and why they need to adopt it.
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