0 sats \ 0 replies \ @crrdlx 25 Oct \ on: What Happens if Bitcoin Goes Up Forever? | The Daily Economy (AIER) econ
I don't care to read the hate. My favorite line from the abstract though:
the wealth effects on consumption of early Bitcoin holders can only come at the expense of consumption of the rest of society.
It's so frustrating, this communist idiocy. If anyone has any success in anything, it's a situation of "Shame on you, you're hurting the other people didn't do what you did and who don't have that success." Their solution is always to either ban it the thing that betters peoples lives so we're all mediocre at best, or more usually, take the wealth created and redistribute it.
That is the playbook.
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