Hacker News Reader

The VC-financial industrial complex is really ramping up their efforts lately.

Who will be the people left holding the bag, will regulatory capture lead us to forcing people to need to buy Bitcoin to function in society?

View on HN

Those 3 trillion dollars that the Fed injected into the financial industrial complex in April [1] (by way of increasing asset purchases) really rescued this economy! It's fractal bubbles, everywhere.

Who's gonna be left holding the bag? The people at the bottom who have (meager) savings in cash. Their assets will get inflated away by endless QE.

[1] https://fred.stlouisfed.org/series/WALCL

Until the people vote into power people without selfish interests, eliminating regulatory capture, and then implement policy that will strengthen society and democracy - then yes, it will be a problem. It doesn't magically happen via aligning people through a financial incentive like Bitcoin though - the same problem exists of people being left holding the bag.

I do think blockchain plays a role, just not like this - not like this.

VCs do not believe in btc.

If you hate VCs, buy btc.

VCs believe what they see as an opportunity to make money and say what the right people want to hear.

Some believe in btc, others don't.

Reply on news.ycombinator.com