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Scraped on 05/09/2025, 16:08:34 UTC
In the world, the wealthy become wealthier, the poor become poorer, the middle class disappears. One of the reasons of this is the inflation: it is a kind of regressive tax, this tax is paid mostly by the poor because they loose their savings, while the wealthy keep their savings not in money but in assets. So, since the bitcoins are a way of keeping the savings, they can fight inequality to some aspect.
However, I am sure that only switching from inflational economics model to deflational one can't change the things significantly. The main reason of the disappearance of the middle class is political: the wealthy 1% of the population are the ruling class, and they pass laws for making them more and more rich, for example under Reagan the taxes for wealthy were cut. They also control the mass media like CNN or Fox News, and these mass media lie about the problem of the disappearance of the middle class.
But I think that the rise of cryptocurrencies will be an important first step towards a revolution in the Western world against the Deep State. I found that many people in the Western world, especially in Europe, are brainwashed - they often simply deny that the inflation is a hidden taxation. So when the bitcoin will cost 1m, these lies of the ruling class will be destroyed, the people will start thinking. That's why buying bitcoins now is an investment into future revolution of the Western people against the Deep State, so I think that in nearest years the bitcoins will grow very rapidly.

You seem confused a couple sentences in.. Bitcoin can considered savings and assets, unless you're using some other definition of assets than most people when it comes to financial planning. I'm not sure the "rise of cryptocurrency" is going to do much, because it's simply another commodity that rich people can buy lots more of than the average person and eventually monopolize. It can help in some tiny, almost insignificant, ways like allowing people without access to a bank account the ability to hold funds and also avoid lots of the charges that the banks of some countries impose. It also allows people to get around despotic or authoritarian controls as long as they have access to the internet. Not sure that the Western world is the problem here, conspiracy theories are just stories told by those same mass media owning billionaires that you've apparently fallen for.
Original archived Re: Political aspects of cryptocurrencies
Scraped on 05/09/2025, 16:03:07 UTC
In the world, the wealthy become wealthier, the poor become poorer, the middle class disappears. One of the reasons of this is the inflation: it is a kind of regressive tax, this tax is paid mostly by the poor because they loose their savings, while the wealthy keep their savings not in money but in assets. So, since the bitcoins are a way of keeping the savings, they can fight inequality to some aspect.
However, I am sure that only switching from inflational economics model to deflational one can't change the things significantly. The main reason of the disappearance of the middle class is political: the wealthy 1% of the population are the ruling class, and they pass laws for making them more and more rich, for example under Reagan the taxes for wealthy were cut. They also control the mass media like CNN or Fox News, and these mass media lie about the problem of the disappearance of the middle class.
But I think that the rise of cryptocurrencies will be an important first step towards a revolution in the Western world against the Deep State. I found that many people in the Western world, especially in Europe, are brainwashed - they often simply deny that the inflation is a hidden taxation. So when the bitcoin will cost 1m, these lies of the ruling class will be destroyed, the people will start thinking. That's why buying bitcoins now is an investment into future revolution of the Western people against the Deep State, so I think that in nearest years the bitcoins will grow very rapidly.

You seem confused a couple sentences in.. Bitcoin can considered savings and assets, unless you're using some other definition of assets than most people when it comes to financial planning. I'm not sure the "rise of cryptocurrency" is going to do much, because it's simply another commodity that rich people can buy lots more of than the average person and eventually monopolize. It can help in some tiny, almost insignificant, ways like allowing people without access to a bank account the ability to hold funds and also avoid lots of the charges that the banks of some countries impose. It also allows people to get around despotic or authoritarian controls as long as they have access to the internet. Not sure that the Western world is the problem here, conspiracy theories are just stories told by those same mass media owning billionaires that you've apparently fallen for.