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by tablespoon
1877 days ago
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> We've all live in a system of inflationary money and were educated by a system that teaches it's use. We should acknowledge our bias here and keep an open mind. The problem with that is that deflationary money isn't exactly a new idea. It's been tried before, it's workable, but it has problems. However, it is an idea that favors people who already have lots of money over those who don't, which has fueled background level nostalgia (and nostalgic propaganda) for the idea. Bitcoin had some genuine innovations, but that doesn't mean all the ideas that were baked into it were good ones. |
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Not arguing... Legitimately asking. Outside of gold or other materially limited resources, what are some examples?
> it is an idea that favors people who already have lots of money over those who don't
Please elaborate on this. Particularly in comparison to our current debt->create system that seems to benefit those with enough to loan.