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314 sats \ 2 replies \ @fourrules 13h \ on: Bitcoin is a Lie - Mike Brock bitcoin
Champagne socialist complaining on behalf of wage earners. If inflation benefits the wealthy how come it erodes the purchasing power of workers whose salaries are denominated in the currency?
Government is an instrument of special interest groups, normal people don't have the same level of incentive to engage in it at the level of detail that would be required to compete with such coordinated minorities. The only solution for a regular person is to defect. They have been doing this with real estate, which has led to a housing crisis. Bitcoin just moves the store of value from a collectible that has a utility value that is unbounded to a neutral asset with no utility value at all, that is easier to secure.