RE: The Slacker's Guide to the Great Remission, Preface: The Economic Crisis Returns
I had a nice dream once too, but then I also woke up...
Helicopter Ben, had he actually pushed pallets of $100 bills out of helicopters into the hands of debtors, might have actually helped. Instead, those pallets of cash were pushed into the vaults of the rentier class, those that mattered to the rentier class in power, such as Bush, Obama, Clinton, etc., where they merely allowed the zeroes to balance, and did nothing to help the victims of the rentier class.
I reckon it's about to happen again, only now BTC is providing a source of wealth they don't control, and so do all other cryptos. I wish cryptos were able to be secured from control, but what they do not control, they can destroy. Cryptos are trivially easy to destroy, if not to control.
At least physical metals are less easy to destroy.
Yeah. Americans didn't revolt over that because only a few got hungry.
If you make a bet and lose and then are overcompensated for your loss, then you've actually won. "Wow, that worked out really well. Think I'll do that again!" And that's exactly what they're doing, taking fiat money and buying real assets while juggling the numbers.
I'd love to believe that cryptos are some sort of solution, but I fear that they are just another distraction, another tar pit to get stuck in.
Television was going to be the epitome of expressive art. It morphed into titillation, indoctrination and consume-ation. The Internet was to be the information super highway. Yes, the information is out there, but we're surveilled and tracked wherever we go.
What role is cryptocurrency playing in this hyper-controlled culture? I doubt the big boys saw this technology coming, but they aren't just going to let it knock them from the cat-bird seat, not without a big fight. So far we're like a mosquito that has just landed. We're just a tickle. If we do start to drill our proboscis into their thick skin, we'll get slapped. 1984 was the wake-up call. We're way past that now. Unfortunately, the book ended badly. We'll just have to see how this plays out.
Very, very true.
I remember watching the internet become the premier pr0n delivery system the world had ever known, and wrestling with trying to maintain respect for humanity.
The Gutenburg Project, PLoS, all the amazing, wonderful history, science, and information at our fingertips, and Brazzers conquers the world....
I think that says more about people themselves than the Internet. Why eat an avocado salad when you can have cotton candy?
More likely crypto will be a part of the big players like cooperations, banks and governments. It will be kind of regulated at the end.
Predictions of a cashless society long predate both crypto, and the internet. I have more than a sneaking suspicion Satoshi Nakamoto is a pseudonym for the CIA.
I'm sure silver and gold are not.