>"Due to inflation uninformed people are bullied into investing in mutual funds, stocks, housing, etc. with their savings."
It's not bullying, it's the foundation of capitalism; that is putting capital to work, not putting it under your mattress.
I'm satisfied that Bitcoin (or whatever succeeds it) exists, merely as a check against corrupt government. It's good that the money printers know there's an alternative. But I'm not ready to ditch the current economic paradigm, which has created more wealth for more people in the past 200 years than any point in human history.
People are disillusioned if they believe there were significantly more economically stable periods in history. Believe it or not, smart people are actually concerned about, working on, and resolving current issues. It doesn't happen overnight.
No, the foundation of capitalism is private property. Coercing individuals to accept a currency for debt payments and then inflating that currency thereby manipulating individuals to invest in markets that they don't understand is not capitalism.
I think the introduction of bitcoin into the current paradigm would only serve to deepen and strengthen it. A universal currency with no barrier of entry and a slew of other features and benefits can and should be leveraged.
It's not bullying, it's the foundation of capitalism; that is putting capital to work, not putting it under your mattress.
I'm satisfied that Bitcoin (or whatever succeeds it) exists, merely as a check against corrupt government. It's good that the money printers know there's an alternative. But I'm not ready to ditch the current economic paradigm, which has created more wealth for more people in the past 200 years than any point in human history.
People are disillusioned if they believe there were significantly more economically stable periods in history. Believe it or not, smart people are actually concerned about, working on, and resolving current issues. It doesn't happen overnight.