Subnostr

It’s an interesting insight and I don’t think you’re wrong. It helps to read history, though, and ask oneself if we really want to return to the pre-federal reserve world. I don’t think I do. It was one of great booms, busts and bank panics, which the Fed and its toolkit have, in fact, ironed out. I say this as a Bitcoiner owner with a 5% allocation, so we’re on the same team.

Dr. Bitcoin, MD 2y ago

I don’t think we can ever go back to a non-fiat system. Psychopaths won’t allow it.

I view the long arc of history as one of progressing from murdering rivals en masse to conventional slavery to fake money slavery. The whole story is one of preservation of ever less oppressive slavery.

Plus, you never pay taxes on appreciated assets if you cash out via loans using the asset as collateral. Rich people won’t let that go.

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