bl557
Joined 5 years ago
Joined 5 years ago
“Billionaire Jeff Bezos could personally pay for enough vaccines for the whole world, yet he would rather spend his wealth on a thrill ride to space. COVID-19 is turning the gap between rich and poor into an unbridgeable chasm” - millionaires.
Millionaires could personally alleviate so much suffering in the world, yet they would rather buy... Nice houses, cars, and whatever else millionaires buy. You could extrapolate this argument all the way down even to those in objectively unfortunate circumstances. It's turtles all the way down.
These pleas seem motivated more out of virtue signaling than anything else.
Human life is both extremely important, and the loss of it is irreversible, at least for now :). People generally seem to be willing to take risks for the sake of convenience.
But in the end I believe we should be able to have our cake and eat it too - that is benefit from blockchain tech with safeguards preventing such scenarios
It seems pretty natural to me that someone who believes in Bitcoin would also purchase it.
Here is a study arguing the opposite - https://voxeu.org/article/stable-coins-dont-inflate-crypto-m...
"Bitcoin For The Open Minded Skeptic" - https://www.paradigm.xyz/Bitcoin_For_The_Open_Minded_Skeptic...
"Stone Ridge 2020 Shareholder Letter" - https://www.microstrategy.com/content/dam/website-assets/col...
"Bitcoin For The Open Minded Skeptic" - https://www.paradigm.xyz/Bitcoin_For_The_Open_Minded_Skeptic...
"Stone Ridge 2020 Shareholder Letter" - https://www.microstrategy.com/content/dam/website-assets/col...
I find this hard to believe. I think it's more likely that the gov't would treat crypto like fiat, and make it law to report any income in crypto. It's not like you don't have to pay income on any salary you receive as cash, and cash is even moreso untrackable than crypto.