Nostr is to social media what Bitcoin is to banks.
The argument for restricting social media for children is analogous to cutting their legs as soon as they learn how to walk.
Max Keiser: I've always said that Bitcoin has no top, because fiat money has no bottom.
There's no backing for fiat money. It's just paper. And I think a couple of things we're going to see happening.
Number one: People will no longer accept fiat money for Bitcoin. So you're going to try to buy Bitcoin with your fiat money, and no one will take your fiat money. No one will take dollars at all.
So that will be a moment of panic. Theyβll be like, "What? It's like, no, here's a million dollars. Here's $10 million. I want one Bitcoin." Like, "No. No way, amigo. We don't want that shit. It's worthless."
So that's going to be panic. Then people are going to have to trade in other stuff for Bitcoin, like gold, or their house, right? And then people are going to be panicked, and they shouldn't be panicked, because the world we live in now is a fake world that's been created with the hologram of fiat money.
Chanting βEnd the Fedβ with Ron Paul at Mises U
In a free market, wealth inequality is good for the poor.
For example, airlines offer First, Business, and Economy classes to charge different prices for different (and unequal) levels of comfort and service.
Those who purchase higher-priced tickets for extra comfort help cover the fixed costs of the airline, enabling it to offer more affordable prices for economy seats.
If the government were to mandate that airlines only offer economy class tickets, airlines would not be able to segment the market effectively.
They might need to increase the price of economy tickets to cover costs, especially if they canβt charge premium prices to other passengers.
This would limit accessibility for budget-conscious travelers, reducing overall consumer satisfaction, and potentially leading to less efficient use of airline capacity.
So, inequality is not the problem. In fact, it may be beneficial for the poor.
I love this response by Elon Musk to those who say the world would be better without people in it:
