Replying to Avatar volition

The rich nations are so because of their ideas and historical protection of individual property rights, in a word capitalism.

Bitcoin will help people better defend their individual property (where it is Bitcoin), but if the population believes in socialism it may not fix this, China, North Korea, Venezuela are examples.

Rich nations that let ideas free and protect individual rights will likely have more Bitcoin per capital long run.
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Will Travel 2y ago

The people at the top sure believe in it, the peasants at the bottom less so!

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volition 2y ago

The US middle class was significantly better off under capitalism than almost any other country including those in the West.

Even now despite the socialist FED destroying their wealth, the middle class is better off in the US than other countries.

The difference was capitalism. The US should remember this and reverse the socialist trends that lead to poverty, perhaps starting with disbanding the FED.