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0 sats \ 2 replies \ @Solomonsatoshi 21 Nov \ on: Bitcoin Talk with a Financial Advisor Chapter 1 bitcoin
Does he understand the preferential position private banks enjoy under fractional reserve banking- especially since any restrictions upon the purpose to which profit motivated banks issue fiat debt finance were removed under neoliberal reforms?
If he does not understand how fiat debt based money currently undermines free market capital accumulation and allocation then fat chance he will understand Bitcoin.
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7 sats \ 1 reply \ @Slestak_Jack OP 22 Nov
I intend to find out those things exactly if he desires to have the conversation.
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0 sats \ 0 replies \ @Solomonsatoshi 22 Nov
Good luck. My impression of financial advisors is they are deeply mired in the dogma of fiat debt and will struggle more than most people to understand and accept the logic and integrity of Bitcoin. They have after all been actively engaged in touting fiat financial products and so have vested a lot of faith and trust into the fiat system.
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