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0 pointsHeckFeck4y ago0 comments

Satoshi mentions later in the paper that BTC is impossible to inflate by design. Inflation enables much of the corruption in our current financial system. "Just print more money bro! ;)"

Also, designing a means of transaction that is independent of governments and banks - two of the most corrupt institutions in every society - is surely a deliberate move against them?

Finally, the genesis block of Bitcoin specifically mentions bailouts of banks. The arrival of Bitcoim amid the 2008 financial crisis is no coincidence.

I welcome anything that weakens their hold and means my money doesn't lose half its value over my lifetime.

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user-the-name4y ago

> Inflation enables much of the corruption in our current financial system. "Just print more money bro! ;)"

Sorry, but this is just plain ignorant libertarian nonsense. If you want to be taken seriously you need to do at least the bare minimum of understanding an issue before making big claims.

HeckFeckOP4y ago

I'd strongly disagree there, inflation is terrible for anyone with savings or bills to pay. Libertarianism is based upon Austrian economics, an entire economic school of thought. It isn't "ignorant" even if you don't agree with it.

> If you want to be taken seriously you need to do at least the bare minimum of understanding an issue before making big claims.

OK, so since this is your principle, will you retract your claim that bitcoin wasn't invented to combat corruption? Even if you don't agree with the method or ideology, there is good evidence this was their intention.

And please explain how inflation benefits me, a saver with ever rising bills to pay. I'd be very curious to hear it. Relieve me of my ignorance.

user-the-name4y ago

1) None of what you just said addresses the claim that inflation "enables much of the corruption in our current financial system".

2) If you have debt, like a lot of people do, inflation means you now have less debt.

3) You have provided zero justification for why "bitcoin was invented to combat corruption", except through your unjustified claim that inflation and corruption are somehow connected.

j / k navigate · click thread line to collapse

0 pointsHeckFeck4y ago0 comments

Satoshi mentions later in the paper that BTC is impossible to inflate by design. Inflation enables much of the corruption in our current financial system. "Just print more money bro! ;)"

Also, designing a means of transaction that is independent of governments and banks - two of the most corrupt institutions in every society - is surely a deliberate move against them?

Finally, the genesis block of Bitcoin specifically mentions bailouts of banks. The arrival of Bitcoim amid the 2008 financial crisis is no coincidence.

I welcome anything that weakens their hold and means my money doesn't lose half its value over my lifetime.

0 comments

user-the-name4y ago

> Inflation enables much of the corruption in our current financial system. "Just print more money bro! ;)"

Sorry, but this is just plain ignorant libertarian nonsense. If you want to be taken seriously you need to do at least the bare minimum of understanding an issue before making big claims.

HeckFeckOP4y ago

> If you want to be taken seriously you need to do at least the bare minimum of understanding an issue before making big claims.

And please explain how inflation benefits me, a saver with ever rising bills to pay. I'd be very curious to hear it. Relieve me of my ignorance.

user-the-name4y ago

1) None of what you just said addresses the claim that inflation "enables much of the corruption in our current financial system".

2) If you have debt, like a lot of people do, inflation means you now have less debt.

3) You have provided zero justification for why "bitcoin was invented to combat corruption", except through your unjustified claim that inflation and corruption are somehow connected.

j / k navigate · click thread line to collapse