Gm, I think this is a mandatory read for ever #Bitcoin 'er.
The understanding of this text is essential in my eyes for properly understanding #Bitcoin and hodling.
All tho it is partly complicated it is possible for every reader to comprehend the thought behind it.
Nice. Good read. Thanks.
Fiat world:
Savings are bad.
Parked money is 'unproductive'.
That's why we print it (steal it), to get it moving again.
Austrians:
Boy are you guys stupid. (not to mention criminal)
Do you know your future?
We need savings to deal with uncertainty.
Those who cause it are stupid yes, but also intelligent at the same time, they have wrong basic assumptions.
But the wider masses are deliberately kept in ignorance. (Ignorance is strength, after all)
A castle made of sand.
