Replying to Avatar Secretary Janet Yellen

Will #Bitcoin fix this too?

A #democracy cannot exist as a permanent form of #government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most #benefits from the public #treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a #dictatorship.

The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith;

From spiritual faith to great courage;

From courage to liberty;

From liberty to abundance;

From abundance to selfishness;

From selfishness to apathy;

From apathy to dependence;

From dependence back into bondage.

Alexander Fraser Tytler (15 October 1747 – 5 January 1813)

Avatar
pailakapo 2y ago

Bitcoin won’t fix this without a revolution.

The perfect system just uses bitcoin as just the ledger scorecard that money is supposed to be. Then it becomes something boring that nobody talks about.

Then less people chase yield and go back to doing things they’re passionate about.

But the reason none of this works is because the elites can’t siphon and maintain elite status without the money laundering capabilities of fiat. And they control the military.

Reply to this note

Please Login to reply.

Discussion

No replies yet.