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Comment by cousin_it

Bitcoin affects global welfare in three ways:

1) Positive sum: facilitate buying goods and services

2) Zero sum: move money from later to earlier adopters

3) Negative sum: warm up the planet

Right now (3) is destroying much more value than (1) is creating. Moreover, all trends show that (1) is falling and (3) is rising. So it would be better for mankind if Bitcoin didn't exist. Regulation is probably the best way to achieve that.

parent cousin_it 8 years ago

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