Bitcoin vs 8 little dudes (aka The Federal Reserve)

I ended up reading it as I was typing a response. My point was all of the technological advances we are enjoying might still not be here. We'd drive a model T, and this text would be on a BB you dial into over your landline.

I am enjoying the benefits of fast progress of the last 100 years. So is everyone else. The harm from modern monetary policy is also suffered by everyone else. It is not proportional. Some suffer dearly, and other suffer moderately, in form of ludicrous taxes on everything for example.

We don't have a time machine to try several systems over and over and see what works. What if money supply was fixed like in bitcoin for the last 100 years. Do you think humanity would be a space faring utopia where most everything is automated and andrew yang is paying everyone money to play playstation X500 AR all day?

/r/Bitcoin Thread Parent