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10 sats \ 1 reply \ @faithandcredit 25 May 2022 \ on: Daily discussion thread
Today i tried to strike up a conversaion about Bitcoin to a stranger and its very uncomfortable because of the inconvenient truths behind the current financial system that you kinda have to expose. But needles to say he already knew alot about it, about the mission to decentralize, and he thought that was cool. But his argument basically was that why does it matter if a currency is decentralized or not, And that ultimately you are just replacing one system that benefits the few that hold most the money, with another.
My opinion is that the few will hodl the most, just like the alpha in a pack of animals frequently gets the best.
But the issue is that right now those "few" can actually take even more of the money without most of us realizing (debasing of the currency or through inflation), and that can be seen by the 1% getting richer than ever in history.
It's my 2 sats, but I frequently quote inflation numbers all around the world and how they are often related to mismanagement.
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