This is the crucial point to remember: Money is supposed to be a medium of exchange, not an investment. For this, it needs a stable, not increasing value.
Money inherently facilitates social inequality because in any system of exchange, greater power accrues to whomever is most able to say no, and because money can be accumulated, and because debts can be accumulated, there is a feedback loop that exacerbates that inequality.
This is why, whatever you call it, Bitcoin, another cryptocurrency, or "fiat currency" fails to solve the problem and never can. Even if the playing field were perfectly smooth to begin with, even the slightest disturbance begins inexorably widening social inequality.
David Benfell, Ph.D. (he/him/his)
npub1qn…emx0u
2025-08-18 14:01:18 UTC
in reply to nevent1q…nx0l
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npub1qnvuavqzak7z9htwth8zccavwdvsvvp9zj0lt2xxxkuhf9z2w2ks5emx0uSeen on
wss://relay.momostr.pinkPublished at
2025-08-18 14:01:18 UTCEvent JSON
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