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5 sats \ 4 replies \ @john_doe 13 Jan \ on: How I woke up from the fiat money fallacy 🫰🤑 ideasfromtheedge

I selected I knew it when I discovered Bitcoin. Although when I discovered Bitcoin in 2013 it was just to make money by using imperfect information on markets. What really brought me to Bitcoin is in 2020, there was no way governments could incentivize people to stop working by giving them money. Work = Money. Hence if someone can get money without working, there is a fraud going on.

21 sats \ 3 replies \ @Msd0457890 OP 13 Jan

I totally agree with you, everyone should earn their own money through their own effort, although at that time that money was no longer worth the same, which shows us that the financial system has always been and will always be a total fallacy.

4 sats \ 2 replies \ @john_doe 13 Jan

Actually in my view in this particular case I don't see the financial system or government as responsible for this but the people. The fallacy came from everyone thinking money could be free. So if everyone had collectively decided to throw government money to the trash, even if the government had printed money, I wouldn't have bought Bitcoin. I bought it because I was the only one in my circle throwing "money" to the trash. For pretty much every other cases I can think of since 1973, I agree with you as well, the financial system is a total fallacy.

0 sats \ 1 reply \ @Msd0457890 OP 13 Jan

What do you mean when you say you were throwing "money" in the trash?

0 sats \ 0 replies \ @john_doe 14 Jan

Throwing to the trash the possibility to get 10,0000 yens (in my case it was in Japan) into my bank account. Accepting it was highly immoral because it would make everyone poorer, yet everyone I know accepted it and felt temporarily richer.