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Neodym
The Financial Diet
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Comments by "Neodym" (@neodym5809) on "An Honest Conversation On The Problem With NFTs \u0026 Cryptocurrency, with @FoldingIdeas" video.
No, it does not. Strict oppressive regimes both control banking and the internet. How do you get or transfer crypto in such an environment?
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Deflation is really bad for the economy, because everybody saves their money and nobody spends. Without spending, the economy slows down, factories close...
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@ian_b There is no natural price, as prices are human made and in constant flux. Same with Money supply.
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Amazon offered a valuable service. Crypto does not. This is the difference.
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@ian_b Economic history is prove enough. Deflation destroys the economy.
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Crypto promises the libertarian dream of zero state interference and is therefor the opposite of left wing policies, which are government regulation and control. F the system is to simple, too, the question is how you want to replace it.
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@kotus3831 Why is crypto worse for the rich? The rich control crypto already.
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He gives a fact based break down why crypto is not the solution to the worlds problems, but actually worsen the problems.
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