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The Inevitability of Bit Coin
i view incentives as the soil from which human action springs. In economics, there's no more powerful material incentive than money itself. The state has wielded its monopoly position on violence and coercion histori always really to manipulate money and to monopolize money. I that the business is based on its p and l if it's not performing, in a true capitalist society, it would liquidate or go bankrupt. And you know, you could say the same of any other social institution as well,.