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by base698 1956 days ago
It was always a hedge on inflation. The genesis block message: https://www.investopedia.com/terms/g/genesis-block.asp

Nakamoto instilled within the Block's raw data: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

1 comments

So basically the entire premise is undermining confidence in the existing system of capitalism and Democracy.

"Your money isn't safe in banks", and a healthy dose of making it easier to launder money.

Pretty sure the existing system of capitalism and Democracy is undermining confidence in itself.

Bitcoin just provides a hedge.

Bailout for banks has nothing to do with either capitalism or democracy, as far as I understand.
Capitalist democracies produced the bailouts. Or maybe bread lines have nothing to do with authoritarian communism?