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Replying to Avatar Alvaro

Sounds like victimhood. Surprising to read from you.

Nobody betrayed anybody.

Humans think and extrapolate based on known patterns and experiences.

Nobody knew, nor could they have predicted, the extent of the impact and the ramifications that creating a currency with no PoW to generate more of could bring.

FFS, even transgenderism through chemically modified food is a downstream effect of having money backed by “faith” in the system

Everyone and cousins (nations, corps, smes, individuals) have financed themselves for decades with debt.

Implication?

Current wealth was already used long ago. We owe the liabilities now.

Financing a State with debt should be explicitly prohibited in the Constitution. Even in states of emergency.

No taxes? No money for schools, pensions, social security, or wars.

Societies should come back down to earth.

When did we lose rational thinking?!

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Jon 1mo ago

The effects were very well known

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Alvaro 1mo ago

That’s just impossible. It would mean our dear central planners are omniscient

Maybe they anticipated first-order, short-term effects to some extent.

I don’t grant them anything further than that.

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Jon 1mo ago

I'm not saying that it's predictable to the smallest detail. Just in general - the further away from truth you get the worse are the consequences

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