Still tons of misunderstanding in this space.

The financial system is supposed to have regulations that protect everyone in an economy. But, what they've ended up doing over the years is only applying to small players and retail (everyday) investors.

Trump and his friends front ran the market crash. Then, after a records stimulus was passed, profited as over 200k US citizens died. That's just America (though America is the defacto reserve currency since WW2). They don't get punished, and they are just the _obvious_ cheaters in the game of international finance and crony capitalism.

The USD is also the de-facto currency for: child pornographers, international hits and murder contracts, paying for military grade weapons, enforcing sanctions on entire economies, drugs, money laundering, literally everything--because it is _the_ reserve currency.

Enforcement is for the people at the bottom, not the top. Ethereum can't change that, it's just offering the same financial services that crony capitalism offered but with a MORE oligarchical rules set. That's why it's funny his "ideal" and "realistic" pictures for success in cooperation both have pictures of castles.

Bitcoin is anarchist money (for now) because it uses entropy to secure instead of force/violence (all fiat currency requires a military to secure). It questions the some of the base authorial structure of all human society/nation-state economics. It is built with disorder in mind. It has built in distrust of authority. Authority is(or requires) force (to enforce). It's important to question authority--that's the only way to progress, no power/responsibility/trust should be given indefinitely. With that in mind.

Ethereum is a new form of authority, just like Bitcoin. But, it does some different stuff with the responsibility that is bestowed upon it. Ethereum owners (people who design, say, "smart contracts," or whatever), have already abused their power, this makes it more dangerous than Bitcoin. Recent SushiSwap stuff. Eth classic is constantly getting 51% attacked. There has been rollbacks. The devs change the inflation rate at will. They are constantly trying to move at a breakneck speed, so it's scary for people who want to hold money long term because you never know what you're gonna have to adapt to, or whatever. It is designed to play with new trust models, it's totally different than Bitcoin. Could be fun, but is designed to be more of a wild west than Bitcoin. If anything it's really better to see it as another layer to Bitcoin. If it surpasses Bitcoin in value, something will surpass it. If Bitcoin fails, it will likely fail since it is tied to the Bitcoin economy (wrapped Bitcoin, code similarities and cryptography standards used). If you're interested in Ethereum, there's already a better Ethereum, it's called TRON. And what about Polkadot. etc etc.

If you're interested in going down this rabbit hole. Start with tech deflation.

IMO, On a macro level we're seeing the same thing that happened after the industrial revolution, leading up to WW1 (though historians still argue about the cause of WW1--I think it's clear they'd have a lot to argue about if we had a WW3 soon, as well). It's called tech deflation. Of course, I'm not a historian or an economist. SO TAKE THIS ENTIRE DIATRIBE WITH A GRAIN OF SALT.

Deflation is political suicide because business money goes where there is promise of a strong consumer base and labor force. But inflation is also effectively gaslighting citizens of the inflating nation-state. That's why we see such disparity through asset bubbles and pops every decade. The problem isn't inflation, though, it's that there isn't another legal option for all people. Money is a good that is consumed like anything else. You can keep fiat AND your Amazon gift card AND have some Bitcoin. Accept deflation into your life. Bitcoin is an anti-inflationary anti-censorship (Ethereum is not) choice, it is the best option for an equally distributed access to deflation that humans have right now (better than gold, or whatever, anyway). Honestly, believe it's the best first step to preventing a third world war.

Ignore Vitalik's grains of salt, ignore my grains of salt

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