Bitcoin, if successful, is a huge paradigm shift because it will usher in an era of more conscious saving & careful (or conservative) capital allocations. It'll be a fresh change from the insane consumption-spending-driven economy that turns us into soulless cogs in the machine.https://twitter.com/hugohanoi/status/1021314421136621570 …
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However, it won't solve all of our economic woes. People will free-ride whenever they can, and I don't expect that behavior to change, even under a system of sound money.
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People will hoard Bitcoin & hope it increase in value without putting in any work. Inequality will persist, free riding will persist. None of that is going away.
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It's important to remember that society is not and cannot be built by saving/savers alone. Builders/producers must exist. If the pendulum swings too strong in either direction, it becomes unhealthy.
2:02 AM - 23 Jul 2018
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