1) Exponentially increasing efficiency driven by technological progress REQUIRES a currency that allows for Deflation.
2) Think about that for a minute! I fully realize the consequences for the existing inflationary system - but it does not change the facts.
3) Every other path is cheering for more manipulation of markets and more government control. That manipulation will only concentrate wealth, inequality, and divide society further until currencies themselves break down.
4) Robbing society of the broad based abundance that would be a natural consequence of technology if currencies were not able to be manipulated.
5) But that's not the real crisis - The real crisis is what that leads to. In other words, its not the mirage of prosperity that is created by the asset boom nor is it the subsequent destruction of wealth that will sweep across societies as currencies are destroyed
6) These are terrible consequences, but the real crisis is that the nature of society itself is torn apart as each person and family is forced down a path of self-interest and survival.
7) Blissfully unaware of what created it in the first place. Staggering efficiency brought on by technology moving exponentially (declining prices) versus an inflationary monetary system designed to keep prices going up.
8) In my humble opinion Bitcoin is critical lifeboat for the coming storm. More importantly and longer term, I believe it just might give humanity its best chance for a peaceful transition to a world of abundance. @RaoulGMI @PrestonPysh @1MarkMoss @100trillionUSD @Breedlove22
You can follow @JeffBooth.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: