Post
Topic
Board Economics
Re: Bitcoin and Gold
by
OROBTC
on 30/10/2016, 18:22:59 UTC

[...]

There is no solution to the inviolable (insoluble) tyranny of the power-law distribution1 and the Iron Law of Political Economics power vacuum.

Sorry just accept the fate of the human race.

That unfortunate fact won't make gold and silver viable again, just because Bitcoin isn't a panacea. There will never be a panacea. Give up.



I would agree.  I have looked at various studies that support the Power Law Distributions, particularly of wealth and even (political) power.

"It is said" that were a Socialist government were to confiscate and then divide national wealth equally, that within 10 years, more-or-less the same hands that held the wealth BEFORE would hold the wealth again.


Also agree re no panaceas.  Work and vigilance will always be necessary.