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10 sats \ 1 reply \ @86b4dc92cd 8 Dec \ on: The Collapse Has Already Happened ideasfromtheedge
Sadly, yes. While the fiat system may never "collapse" because governments can always print more money, the quality of life for average Joe will, just like the purchasing power of his savings and salary.
I suppose people in rich countries have more choices - do they want to focus on a career? Do they want to spend a few more years in university? Do they want to save more money early on in life? All those decisions significantly delay the decision about having children, especially for women.
And women can't have children past a certain age - so even if they eventually decide on maternity, they might have fewer children. This can be clearly seen in statistics - the age of women getting married and having their first child is rising over the last years.
With high wealth also come higher standards - it's hard to imagine having a lot of children in a small apartment, or living in the middle of nowhere without a toilet and electricity. In rich countries children have to be educated, cannot be used as cheap labor, and parents deeply care about their well-being, which raises the standards even more.
The culture changes also might stem from wealth and technology. We have cheap and efficient contraception methods, social media that in many ways make finding a partner more difficult, and simply more knowledge about what it takes to raise children. I also think that with capitalism comes individualism - fewer people care about traditions, family bonds or religions.
Now the paradox is most of those things - freedom of choice, higher standards, more knowledge - are generally very positive. But they don't benefit the demographics, and with how our economics are built, this will end in disaster - especially in retirement pensions and healthcare.
It is not due to purchasing power - in fact, you could make a case that richer countries struggle with demographics more. The poorest countries in the world, like Sudan or Ethiopia, have very high birth rates. Eastern Europe had a higher birth rate 50 years ago, despite struggling with no money and communism.
The reasons are different and very complicated - wide availability of contraception, picking a career over children, coming into adulthood later due to long education, changes in culture and society (people don't find partners as often, and don't feel obligated to have children).
And honestly, I don't see any solution to this. There are so many countries in Europe in Asia trying different things - giving money for births, improving housing market, providing long maternity leaves, even government-created dating apps - and there are no results from all this. People just don't want to have children and are no longer expected to by society.
Coffee beans aromatized with cherry flavour. There are other great flavours as well, but cherry Is just otherwordly.
I'm surprised pandemics are no longer in top 10. Covid came out of nowhere and paralyzed the world in two months, even with small mortality rate. More deadly virus would be a massive disaster.
I'm sorry, but I don't think there's something like "Fair Value". Just like any other asset, Bitcoin is worth exactly as much as someone is willing to pay for it.
I've actually got this recommended on my main page. But what really hit me is when he later describes the reality of content creation, where everything (from visibility to bans) is decided by algorithm. I don't even wanna know how many good channels died because of that
Who would've thought... And let's not even start talking about the USD value compared to other currencies...
I think one additional issue not mentioned is that Bitcoin is not equally distributed. Less than 2% of addresses have more than 1BTC. More than half of the addresses don't even have 0.01BTC.