markjgsmith

Notes

Eradicate poverty then introduce bitcoin - If the base dynamic that happens in the current monetary system is essentially steel from the poor, go over capacity, murder the poor, and if bitcoin really is a more efficient monetary system, isn't it the case that the only moral way to transition is to first eradicate poverty, then introduce bitcoin? Isn't it the case that doing it any other way will bake in poverty into the new system?

If there is poverty in the new perfect system, then that will be unnescapable for eternity. Not only would it be terrible in terms of amount of poverty but it might be a much more intense poverty too.

Admitedly that's quite an extreme viewpoint, though it would be nice to be able to mathematically prove that it isn't the case. Reguardless though at the very least we should be able to prove that poverty will decrease in amount and intensity with the introduction of Bitcoin. And if we can do that then why stop there, don't we all need to get to the promised land? #

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