Right, that quote is taken out of context a lot because he was referencing industry. Compared to what money actually used to mean, steel workers should have been paid a lot more than they were. Now its farmers, factory workers, and the few people that work in america-based car assembly plants. The problem I have is with the other 2 listed quotes. Money used to mean something. Here is 500 dollars for those 2 cows and a sheep. It used to have a trade value. But that we don’t have that sort of trade value any more because theres so fucking many of us that stock of food, housing, or just bullshit items that we have like computers and cell phones… It doesn’t mean anything anymore. Like you said, banks just hit a number and tada, money.
I call this ghost cash. Somewhere after 1947 when the huge ramp up of the electronics and automation industry kicked up money fell out of usefulness in the US. Maybe not in other places, but definitely here. With the need of jobs going up, sure you expect something in return, money, and if money was kept to what it is meant for, trade, then I could easily see what the good of it is. Instead what we are seeing money do nowadays is run the US and buy our leaders, keep people quiet, win where democracy has failed. We see the economic crash of 2008 that literally fucked over the planet because corporations and bank conglomerates (5/3, ATT, Comcast, Apple, Microsoft) don’t pay their dues back to support their foundations nor do they do their full services. As such you see our banking structure be a crumbling mess of ripoff and con artists running the work now and you see credit unions pop up everywhere like the banks used to do, and whats to say they don’t do the same in that 50 year span?
Back to bitcoin, what keeps it from doing the same? Hmm? Blockchain trust? That just shows an open ledger, which is nice, but that doesn’t keep from group suppression. That doesn’t keep from governments being bought. Its not like any of that stops anything. And hell take sierra leone fro example again. They can’t just buy a generator so, like I said, they created one out of the whole pile of garbage. They innovated, they succeeded. Thats amazing. Near as I can tell, 20 bucks of bitcoin 2 weeks ago turns into 280 now, or 290, according to someone on the L1 telegram. But thats USD. What person in… IDK lets use an extreme example like North Korea. How does it help them? Or Cuba? Or any of south america? You still have that wall of buying in, and that appears to be the only secure way to get in, and then you have to hope to fuck it doesn’t get stolen anyways, or that the government takes it by force. What about the places that don’t have internet?
I know its high demand to say that not everywhere has internet so bitcoin is useless, but I think that in a couple decades either we’ll be fueled by war and dead, or currency won’t be needed and we’ll be back to the old way of trading that wasn’t uncommon all that long ago. Here’s a cow to bring to slaughter to feed your family, please fix my car. Is that old fashioned? Maybe. But I think its also really stupid to think that a flawed system like currency and market is going to balance out and everything will be great and dandy.