They’ll get it back. Dips are only ever temporary and markets always go up, over time. This will be true forever, until the heat death of the universe.
I think capitalism’s resilience has surprised a lot of people. Although, maybe it shouldn’t have. As long as capitalism is able to make some people unfathomably wealthy, there’s no reason to believe it’s going anywhere.
Capitalism has been with us since basically the beginning of humans if you think about it. The odds of it dying is about the same as you winning the powerball lottery 6 times in a row.
If you consider capitalism to be exploiting labor for profit, sure. If you consider it the relatively precise description advanced in the 17th century onward, no.
Agreed, capitalism, in it’s textbook definition form only started existing around the industrial revolution when it succeded the mercantilist status quo.
Exploiting labour for profit can happen in any economic system, in practice.
I suppose it will have to stop growing eventually, but who knows when that will be. I don’t think anyone knows where the limits to growth are. By many estimates we are already exceeding some ecological boundaries, significantly, in some cases, yet growth continues more or less unabated. I don’t expect I’ll see an end to growth in my lifetime.
You cant add another 0 to bitcoin unless you figure out how to convince more than 51% of miners to do it, the majority of users, and not collapse the price at the same time.
An electronic system it’s easier to manipulate and it’s infinite, so if you thought capitalism will fall like Marx said, you are pretty wrong nowadays, capitalism it’s virtually infinite.
They’ll get it back. Dips are only ever temporary and markets always go up, over time. This will be true forever, until the heat death of the universe.
The implication that capitalism will be with us until the heat death of the universe is soooo depressing.
capitalist realism
I think capitalism’s resilience has surprised a lot of people. Although, maybe it shouldn’t have. As long as capitalism is able to make some people unfathomably wealthy, there’s no reason to believe it’s going anywhere.
Capitalism has been with us since basically the beginning of humans if you think about it. The odds of it dying is about the same as you winning the powerball lottery 6 times in a row.
?
Capitalism is a very recent concept in human history.
Only by conflating economics and capitalism could you come to the conclusion you just did.
If you consider capitalism to be exploiting labor for profit, sure. If you consider it the relatively precise description advanced in the 17th century onward, no.
Agreed, capitalism, in it’s textbook definition form only started existing around the industrial revolution when it succeded the mercantilist status quo.
Exploiting labour for profit can happen in any economic system, in practice.
how could a government system based around money have existed long before money existed? let’s think things thru before we post
Don’t need currency for capitalism. There is bartering. I could start a company and pay my people in eggs bacon and cheese
That’s only true for as long as growth under capitalism is possible, and until we have access to infinite resources, infinite growth is not possible.
I suppose it will have to stop growing eventually, but who knows when that will be. I don’t think anyone knows where the limits to growth are. By many estimates we are already exceeding some ecological boundaries, significantly, in some cases, yet growth continues more or less unabated. I don’t expect I’ll see an end to growth in my lifetime.
Since the economic system gone fully electronic there is nothing which can stop adding another 0.
You cant add another 0 to bitcoin unless you figure out how to convince more than 51% of miners to do it, the majority of users, and not collapse the price at the same time.
Not if you(your group) control the 80% of BTC.
Did you ever heard of the Crypto Whales?
Wtf are you even trying to say.
To make a change to the protocol, you need 51% of the miners to agree and implement it when blocks are mined.
But 51% of the miners isn’t enough because the users themselves can also revolt and fork away, which would destroy the price.
To add a 0, you’d need a massive (*super) majority buy in from all sides.
How much bitcoin anyone owns, even if someone owned 100% of it, has absolutely no bearing.
Mate there are easier ways to add a 0 and Im not talking about literally adding a fucking 0.
Then enlighten me, what does
What are they adding the 0 to? Why does it have to be with our system being electronic?
An electronic system it’s easier to manipulate and it’s infinite, so if you thought capitalism will fall like Marx said, you are pretty wrong nowadays, capitalism it’s virtually infinite.
And how exactly does that allow you to electronically manipulate bitcoin to a virtually infinite amount?
I’d love to know how you plan on creating more than 21 million bitcoin or altering your bitcoin balance.