Post
Topic
Board Economics
Re: The economic model behind Bitcoin is flawed
by
1aguar
on 08/12/2015, 20:39:41 UTC
Here is a definitive conclusion:
Ask anyone who was earning a wage prior to Nixon's default on the currency (the end of sound money)
about how much they earned and how much their purchasing power was.

No, I don't actually need to ask anyone living prior to Nixon, lol. Why? Because I already know the answer.
Right, I told you the answer  Cheesy ; the fiat system is based on slavery; we live in a dulocracy.
In all slavery systems: over time the slaves are made to work harder for less, this fact is a result of the ignorance of the masses within the political structure (i.e. dulocracy) and it has nothing to do with technology.
I detect some sarcasm in your reply; what is the purpose? You need proof that you are a slave?
Since you are promoting slavery as the best system "economically", I am entitled to ask who benefits and what exactly is meant by "economically".