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@11112011 service economy, unless wages rise I guess we're less exposed

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@11112011 interesting that it's not so bad here, do we produce less or are we more responsible financially?

@sim private property circumvents this but I don't think there being no common property is a good idea either

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@11112011 2% is less than 8% and we know that's an understatement

German PPI is like 30%

@11112011 that or they're trying to clear inventory because demand is dropping

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Paul was the first person to ever post cringe in recorded history, setting the stage for the single cringiest post ever made (Martin Luther's 95 thesis

love to see bitcoin steadily grind up like this

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The ruling oligarchy loathes decentralized money, especially Bitcoin, because it will eventually wipe out their power-structure, as well it should.

But academics and self-described "hackers" desperately want to believe that they're non-conformist, even though they in reality they're so obedient they can't even form their own opinions. But this is the source of significant cognitive dissonance for them.

They hate all real decentralized money because they're told to, but admitting that they consider their Chase Benefits™ card the pinnacle of ethical money is just a tad bit too far out, even for them.

I've seen quite a few of these "decentralized money without dirty carbon evil racist blockchain" type papers. They reliably fail to recognize The Hard Problem so they don't try to solve it, instead transforming it into different forms and then assuming it solved.

It is the digital equivalent of the perpetual motion magnet motor, the motor always stops but the ideas don't.
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