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100 sats \ 2 replies \ @mo 5 Jul \ parent \ on: Once Bitten! • Bills Of Exchange Built On Bitcoin # 550 • Listen on Fountain bitcoin
Hayek wrote quite lucidly in "Prices and Production
That book is nearly 100 years old, evaluating the consequences of the industrial revolution. We are in the 21st century, things are changing, especially now, with bitcoin, we have an opportunity to make things differently. Why continue replicating what has been wrongly done in the past with the technology of today?
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0 sats \ 0 replies \ @telcobert OP 6 Jul
  1. The project is NOT "replicating". Austrian economists have some serious objections with the old system.
  2. Why? So Bitcoin can work in the real economy.
If you listen to the Pod, it describes the needed changes and the motivation.
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0 sats \ 0 replies \ @DarthCoin 5 Jul
Why continue replicating what has been wrongly done in the past with the technology of today?
well said
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