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A currency that is used for real, genuine transactions and also happens to burn energy to keep the world economy honest? Can argue that's worthwhile.

A pyramid scheme that has electricity consumption of bitcoin? Strictly a net loss for the world.



Fiat is an hamster wheel that continually runs faster over time, Bitcoin is an offramp to stable value.


Sure, if you think that individual right to hoard and safeguard value is better than top down tools to help the economic activity of the country as a whole.

To be honest, I would say a good balance of those is right. If a central bank does a good job, then some devaluing of currency is not a problem.


>Sure, if you think that individual right to hoard and safeguard value is better than top down tools to help the economic activity of the country as a whole.

Cantillon effect is real and creates widening gaps in inequality. Printing money and handing it to financiers isn't helping, hasn't helped, and will not help anyone. They're kicking the can down the road.




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