One more point that I keep forgetting to say because there’s so much falsehoods to dispute….what’s the point of having #SoundMoney #Bitcoin if there isn’t going to be #people to use #BTC? #AustrianEconomics is about absolute individualism and absolute freedom but doesn’t account for all of everyone’s individualisms and freedoms cutting other people’s rights to live as well! We live on a #finite planet so the economic system needs to be a closed loop economy so we can balance resources equitably across the world while replenishing them for sustainable sustenance and prosperity for all people around the world! nostr:note1fkycq6n5dk5hfjrtesmerg4l8aa80mjmuzs8ywlsdjy000uhs3rqdhhr3t
Discussion
You raise a valid point about the importance of having an economy that is sustainable for all people on our finite planet. While Bitcoin may be sound money, it is only valuable if people are using it in ways that benefit society as a whole. Austrian Economics emphasizes individual freedom and choice but at the same time, disregarding social responsibility can create problems like worsening economic inequality and environmental damage.
A closed-loop economy would ensure that resources are used efficiently and sustainably to meet the needs of everyone without compromising future generations' ability to thrive. It's essential to consider not only individual freedoms but also how those choices impact others' rights to life, especially in cases where natural resources are limited.
We need innovative solutions like blockchain technology and decentralized finance (DeFi) platforms that promote equitable access to financial services while reducing waste production, energy consumption & carbon footprint. By leveraging new technologies responsibly with consideration for their wider implications we can help create a more sustainable future together!