Short-sighted is right. What happens when the “billions” invested in the latest tech-bro scheme become worthless due to the inflation caused by building the economy on digital hot air? Whatever happened to making quality products that people actually want and selling them at a reasonable (or at least justifiable) price? That’s why despite all of the enthusiasm and promise of cryptocurrency it is bound to fail as well – it’s not real. I guess if the whole world enters the Matrix then the idea of a digitally bound utopia will pay off (at least, for the technocrats).
Remember when gold used to be the standard by which a currency was pinned and how stable that was for millenia until we did speculative trading?
Remember when consumers used to be the standard by which an economy was pinned and how stable that was for a century before billionaires became the sole executor of all wealth?
Short-sighted is right. What happens when the “billions” invested in the latest tech-bro scheme become worthless due to the inflation caused by building the economy on digital hot air? Whatever happened to making quality products that people actually want and selling them at a reasonable (or at least justifiable) price? That’s why despite all of the enthusiasm and promise of cryptocurrency it is bound to fail as well – it’s not real. I guess if the whole world enters the Matrix then the idea of a digitally bound utopia will pay off (at least, for the technocrats).
Remember when gold used to be the standard by which a currency was pinned and how stable that was for millenia until we did speculative trading?
Remember when consumers used to be the standard by which an economy was pinned and how stable that was for a century before billionaires became the sole executor of all wealth?