RE: Why We Can't Have Nice Things...
They must be aware. Why is nobody of them adressing this issue?
What if the ~30 people abusing the pool have 500k+ accounts and they like things just fine the way they are?
In fact, 100 years from now they may think they will be worshipped as heroes for having maximized their stake.
More likely the masses will reject them as a git rich quik skeme, imo.
Fiat always goes to zero when those contributing nothing are in control of it.
No wage slave will pay the amount of tax wanted by those that live lavishly while contributing nothing, once those slaves know the truth.
This current set of controllers, locally and wider, have done an excellent job of controlling the narrative.
Wages dont make you free, they keep you on the plantation and buying at the master's store.
Ok, it was taken out of context. I was going in a different direction.
But your answer works as well.
Misaligned incentives.
On your point about fiat. It might go to zero over time. Who cares?
Every currency has one selling point: as a medium of exchange. If you need a store of value you need to look somewhere else.
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