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38 sats \ 3 replies \ @anon 12h \ on: It's Housing's Fault We YOLO All-In on Bitcoin (FT, John Burn-Murdoch) econ
Unpopular opinion but John Burn-Murdoch is AGAIN 100% correct
If we had actual free market capitalism in the housing sector, people were free to build on their property what they want, prices for a house would be like 50k.
If that was true the number of Bitcoiners would be a small fraction of what it is. And the Bitcoin price would still be $100. Nobody would care our monetary system is fundamentally broken.
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0 sats \ 2 replies \ @denlillaapan OP 11h
Knock me over with a feather: true... but irrelevant.
If our monetary system wasn't fundamentally broken, bitcoin wouldn't be a thing? Like DUUUH, of course
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0 sats \ 1 reply \ @anon 10h
If our monetary system wasn't fundamentally broken, bitcoin wouldn't be a thing?
That's not what I said. I said if the housing market wasn't fundamentally broken, nobody would care that the monetary system is fundamentally broken.
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75 sats \ 0 replies \ @denlillaapan OP 9h
Well, but they're largely the same statements...?
The housing market is broken in large parts because the money is broken
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