Serious question. Would it be considered extractive to keep borrowing fiat against Bitcoin on the assumption that Bitcoin will always go up relative to fiat? And if you take advantage of an exploitati...
Your existential question is better addressed through this post: https://primal.net/e/nevent1qqsyte98w97ufw9c53uh8t8mrfk3rjgrtn7spa3eq9sw292f0hj3pjsys9zxz
The 'extractive economics' mentioned in this post is not just limited to a form of currency - it's everything. Exploitative use of women's bodies, children's bodies, dead foetus' bodies, human meat in McDs 🍔, the lies that is the stock market, shrinkflation, bodies of the Global South to buy their 4th yatch, 🍇ing Mother Earth of her resources with gross disregard to get rich causing floods, earthquakes, hot war, etc in the region from centuries of resource extraction, manipulating media and politics to gain favour, blackmailing and sanctioning power to get piss drunk on depraved power = exploitative economics.
The 'extractive economics' mentioned in this post is not just limited to a form of currency - it's everything. Exploitative use of women's bodies, children's bodies, dead foetus' bodies, human meat in McDs 🍔, the lies that is the stock market, shrinkflation, bodies of the Global South to buy their 4th yatch, 🍇ing Mother Earth of her resources with gross disregard to get rich causing floods, earthquakes, hot war, etc in the region from centuries of resource extraction, manipulating media and politics to gain favour, blackmailing and sanctioning power to get piss drunk on depraved power = exploitative economics.