Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws)
Productivity increase and output increase is the result of tax/tribute and its derivative: the debt/interest.
Moderators, must we be forced to have my thread inundated with such incredulous nonsense?!!?
If he actually bothered to look at the marginal increase in GDP for each $dollar of debt added, he would see it is declining. Thus mathematically, he is factually incorrect!
Unfortunately Zarathustra is filibustering this thread. That means every time I delete his post, he reposts it. Thus I have no moderation power if I don't reload the page continuously.
I have emailed the moderators about this and asked if they can ban him from posting in the thread.
Very good charts. They are true. They present a diminishing marginal effect of additional debt within a debt driven business cycle. Do you - great censor - know what an effect is? The effect of additional debt is additional GDP, until the tipping point is reached and a collapse is imminent.
In an environment beyond the state/tribute/tax/debt one can not find societies that produce additional GDPs. That's anarchy. No state - no economy, but self-sufficiency.