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Joined 6 months ago
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Cake day: September 15th, 2025

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  • A virtual resource controlled by a government that’s supposed to support exchange of goods ans makes it convenient.

    I’d argue that no backing and ability to control its value is an advantage over representative currency. As long as government is working in the interest of the people of course.

    We should just remember that digits with arbitrary value that nowadays don’t even have to be printed are not a material resource. Having money doesn’t secure anything, its volatile yet effective value emerges from the possibility to exchange it for material resources in given moment.




  • Bourgeoisie chases their own short term interest, there is nothing metaphysically evil about it. The consequences are dire for everyone in the long run. Including most of the bourgeoisie as the concentration of capital happens inside the owning class too. Eventually, with destruction of our environment, even for the very wealthiest.

    Western bourgeoisie isn’t better or worse by itself. The environment there is different and bourgeois class has overwhelming political power. In e.g. China bourgeoisie exists but it has no power, it’s the most important difference.