> Can't the price of everything else be intentionally set and stabilised in BTC? And with this, it would not matter how the world around fluctuates...
Price fixing has never worked anywhere ever.
> Or is it that economy will never work like that and the exterior will break/crush these intentionalities?
Correct.
> In post modernity nobody depends on each other, but its the zero and the infinite. The individual depending on the giants Big Government and Big Corporations... That's why it keeps fragmenting and people don't come together. No need to depend, no group. Unless we intentionally decide to depend... Is that the future. The coexistence of these two models. Or is there no chance and we will be enslaved?
Depending on big corps instead of your neighbors is a convenience and an indulgence like fast food. It'll go horribly wrong in the long run just like eating (only) fast food will go horribly wrong in the long run. You will need to muster some willpower to resist the temptation in either case.
Replies (5)
Depndency on the Big State and Big Tech is worse than the fast food example.
Culture is always permeable.
Think about the sisterhood causing/advising for divorce to any marriage in crisis...
The same market forces you admit for troubling price in BTC will act on depndency on the giant. And worse. Think about UBI/Food Stamps/Benefits...
How come people use older tech? Impossible...
Unfortunately the community life is being destroyed quickly. Everyone is internationally mobile (with covid vaccine) and have international access to anyone rich or celebrity level.
Country side girl pretty like a model, married going will now on Instagram accept the invitation from Drake or NBA celebrity who will fly her to the party. And so on...
Gen Z is all influncer. They need remediation English when they enter Uni levels.
I am pretty sure in the human level we are not coming together. After covid and now with Ai, soon robotics, the accelerationists are setting the pace.
Sorry if I dont have a markets and economist brain. If you may please explain a bit more how an outside currency would affect prices in bitcoin? What makes these strange prices that dont go down? Its a bit of a winner takes it all, correct? Its a bit of the largest on the room always wins and determines the economy and prices, right? Can you explain to us with bazaar/market examples as we were 5yos?
Thank you in advance.
Could not zap you. Wallet not configured. Maybe the easy primal app....
My profile says "dollars only" and it's pretty funny you'd be trying to send me Bitcoin after I've spend all these words arguing in favor of fiat lol.
> If you may please explain a bit more how an outside currency would affect prices in bitcoin?
No one lives on an island. You're always dependent on the "outside". You'll have to deal with their economy. The closer your economy and your prices are aligned to the outside the better you can do that.
> What makes these strange prices that dont go down?
What are these? Is this something I said? There is intentional inflation of 1 or 2% yes, by increasing the money supply mostly, it keeps prices from slipping into deflation which would cause a downward spiral.
> Its a bit of the largest on the room always wins and determines the economy and prices, right?
No? In a democracy the actions of the government are determined by the people, including all departments of the government like the central bank. This of course requires involvement and that's a fair piece of work so a lot of people are just opting out of the process but that's their choice.