HOW FIAT MONEY RUINS CIVILIZATION

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That title is from BITCOIN SONGSHEET: HOW FIAT MONEY RUINS CIVILIZATION

Before I get into that I am to share the link to Task's post today incase you missed it. 5 Reason Why Hive Will Hit $100.

Now I don't know how many of you know who Jimmy Song is. But maybe I should have. To quote his bio from the site above.

"Jimmy Song is a Bitcoin developer, educator and entrepreneur. He's a programmer with over 20 years experience, an open source contributor to many different Bitcoin projects and the author of Programming Bitcoin from O'Reilly, The Little Bitcoin Book, Thank God for Bitcoin and BItcoin and the American Dream. Jimmy has been a lecturer at the University of Texas, an expert witness in legal cases involving Bitcoin and is an advisor to multiple companies. Jimmy writes a weekly newsletter, Bitcoin Tech Talk and has a podcast Bitcoin Fixes This."

I wonder if that is where Hive fixes this came from?

Anyway I think you should read the whole article, it is lengthy. The last part you could easily replace Bitcoin with Hive and you would believe Hive was being talked about. I assume that is because Bitcoin and Hive are the only truly decentralized blockchains.

I am going to give the titles to different sections of his article as an incentive, hopefully, for you to go read it.

FIAT MONEY RUINS INCENTIVES

FIAT MONEY RUINS MERITOCRACY

FIAT MONEY RUINS PROGRESS

FIAT MONEY IS PROFOUNDLY CONSERVATIVE

Also I decided to tweet Jimmy.

A bunch of stuff said near the end I believe goes hand in hand with Task's post about 100 dollar Hive. I am going to quote again bit changing Jimmy's Bitcoin to Hive.

"Thankfully, Hive has the advantage of time on its side. The Cantillon losers, such as young people, citizens of developing countries and actual producers of goods and services will inevitably turn toward the much fairer system in Hive. The zombies will be consuming themselves"

Haha, that reads better.

What is the moral of this post? True decentralization.

With the building taking place on Hive, the things that cannot be done Bitcoin that can be done on Hive I have no doubt Hive in the future will be 100 or more.

Last thing. Go read Task's post and Jimmy's.

Then drop me a note on your thoughts of my attempt to educate you while educating myself.

And yes I am alive and Thriving.

Bradley

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I don't think fiat ruins civilization. We need a way to exchange goods and I don't think I would like the barter system at all. It's hard to justify how much things cost though and I wouldn't be surprised to see that the system is unfair. I think there would be a similar issue with BTC and it's worst with the halving.

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The reason fiat ruins everything is because money creation is centralised.
And the guys in charge of this centralised operation have, once again, shown that this is not the way to run things.
It may sound pessimistic to say that unless the majority of people around the world wake up to that fact, it is unlikely to change. That gives decentralised Hive, and everything built on it, the opportunity to show that underdogs can, and do, win.
Decentralisation of everything is the key!

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