Mar 16, 2023
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Satoshi was right and bitcoin will eventually supersede the broken economic model

Written by pinmin


Basically since the inception of bitcoin and 2008 things have been going exactly as predicted by Satoshi. Bailing out the banks did not help, to stabilize the economy governments have pumped trillions into the market decreasing the actual value of money to the point where young generations just got screwed. Instead of bailing out the banks we should have let the economy crash and burn because what is coming next will be 100X worse. All western governments are saddled with debts and have little chance at actually fighting the inflation crisis effectively because they are already in so much debt.

What happens now is not a repeat of 2008 but the direct consequence of it. Banks will be unable to stay liquid as people rush to withdraw their money. They can’t sell their bonds because they are at -20% meaning that they do not have the money they require to pay everyone back. This time the government may be unable to help out the banks because they themselves are broke. So is it time to finally take the plunge and cut ties with banks as places to store money? I think so I plan on keeping my money in crypto because I believe it will do better than keeping it in the bank. Good luck to you all.

submitted by /u/Betaglutamate2
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