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RE: Jobs Are A Measurement Of Your Countries Failure

in LeoFinance3 years ago

I agree with other stuff but I could not understand how a private money can solve the issues you mentioned above.
People will go for a job not for Fiat but for crypto or whatever private currency would exist.
How will this help us build “equal society”
I am simply not able to correlate these unless I am missing something here.

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I am not saying it will solve things instantly, but it will start to bring price signals back into the market, as those earning Bitcoin will benefit the most people will opt to work for Bitcoin, products would be priced in Bitcoin, and because supply is inelastic, it drives up velocity and efficient use of the currency

If there is no debasement, people can work and know there money is not taken from them as it is now, they'll have savings to go take risk, build businesses or take leisure time off that supports other businesses.

I know its hard to imagine living in a world of debasement, even for me going down this rabbithole its a struggle

Crypto doesn't solve much other than gambling in my opinion.