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Governments borrowed $315T from Future
some dumb asses like this guy CM375508 actually think debt doesn't matter because "the world can't be in debt", "to whom" they ask... they don't have the capacity to understand that we are collectively borrowing from future generations. we are spending borrowed time and energy, and we are barely creating enough value to pay it back. we broke the law of "produce first consume later" and now we are just consuming the proverbial seed crop by borrowing unlimited amount of fiat. they thought we are just borrowing from ourselves, but "fail to understand that this ourselves is not one homogeneous blob but is differentiated into several generations - namely, the current ones which consume recklessly at the expense of future ones." - Saifedean Ammous i think maybe Satoshi went back in time trying to fix this. it's a weird hypothesis, but the motivation is there and the product is working flawlessly. Bitcoin is our only hope to stop this madness of unlimited fiat debt. submitted by /u/Bubbly_Ice3836 [link] [comments]
| | some dumb asses like this guy CM375508 actually think debt doesn't matter because "the world can't be in debt", "to whom" they ask... they don't have the capacity to understand that we are collectively borrowing from future generations. we are spending borrowed time and energy, and we are barely creating enough value to pay it back. we broke the law of "produce first consume later" and now we are just consuming the proverbial seed crop by borrowing unlimited amount of fiat. they thought we are just borrowing from ourselves, but "fail to understand that this ourselves is not one homogeneous blob but is differentiated into several generations - namely, the current ones which consume recklessly at the expense of future ones." - Saifedean Ammous i think maybe Satoshi went back in time trying to fix this. it's a weird hypothesis, but the motivation is there and the product is working flawlessly. Bitcoin is our only hope to stop this madness of unlimited fiat debt. [link] [comments] |
![[link]](https://i.redd.it/c8l6rjw1gm8f1.jpeg){kind=link}