The currency caste system:
A very small number of rich countries print high-quality fiat (for now) to buy stuff while the overwhelming number of countries can’t and instead have to export stuff *we...
The rich nations are so because of their ideas and historical protection of individual property rights, in a word capitalism.
Bitcoin will help people better defend their individual property (where it is Bitcoin), but if the population believes in socialism it may not fix this, China, North Korea, Venezuela are examples.
Rich nations that let ideas free and protect individual rights will likely have more Bitcoin per capital long run.
Bitcoin will help people better defend their individual property (where it is Bitcoin), but if the population believes in socialism it may not fix this, China, North Korea, Venezuela are examples.
Rich nations that let ideas free and protect individual rights will likely have more Bitcoin per capital long run.
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