E che storia! Bellissimo ⚡

I was thinking... 🤔💭 ...capitalism stops working when money can be printed. If liquidity can be created out of nothing, entrepreneurship no longer follows real value — it follows proximity to power and proximity to the money-printer. Incentives shift: instead of innovating, businesses seek easy credit, subsidies and bailouts. 🏥Take for instance Pfizer, Moderna and other major pharma firms racing to protect patents and delay generic competition. The U.S. Congress recently flagged an $8.8 billion “bailout” for BIG Pharma via exemptions in Medicare price-negotiation. 💻Or look at Meta Platforms, Google LLC and other BIG Tech platforms. Regulation is being demanded (e.g., the EU’s Digital Markets Act) to rein in their dominance — but such regulation also creates complex compliance burdens and can solidify existing players at the expense of competition. 🍖And consider Nestlé S.A., Coca‑Cola Company and major BIG food corporates: subsidies, guaranteed loans or trade protections shift incentives away from truly competitive markets into political rent-seeking. The “free market” loses its meaning when it’s distorted by the wrong incentives. And when the distortions become tangible (e.g., high drug prices, rising mental health issues, high obesity rates), the public demands government intervention — feeding a paradox: to fix the problems caused by intervention, we ask for even more of it. As a result, the state grows, the economy becomes more bureaucratic, and capitalism turns into an inefficient hybrid where no one has a real incentive to change the rules, making the world worse rather than more efficient. The outcome? A system that feeds on the problems it creates and makes things worse each time it tries to fix them. #Bitcoin #Jobtober #Capitalism #Finance #Innovation #BigPharma #BigTech #BigFood #Regulation

The road to hell is paved with good intentions.

One of the many things we are learning on #Bitcoin during #LuganoSummerSchool25 is: ~~~ What does Bitcoin tries to fix??? ~~~ Quick explanation on the sets: - WROGDOING: bad actions, also honest mistakes (eg miscalculation) - EVIL: wrongdoing, but done intentionally (eg insult) - CRIME: evil actions, but they also violate a principle (eg theft) - MAFIA: crime, but organized (eg state) - FIAT: mafia's control over money. ➡️THIS⬅️ FIAT is what Bitcoin is attacking directly and trying to fix. It doesn't fix mafia, crime, evil or wrongdoing completely, but by replacing FIAT there will be good indirect side effects, for sure! 😊 Thank you and !

A quick thought experiment to disprove the theory of objective value, by reductio ad absurdum. Let’s say we all agree that drinking water is worth €10 per cubic meter. Universally accepted, even objective — it’s a definition of value, just like the meter or the kilogram. And let’s also say that breathable oxygen is worth €10 per cubic meter. Now I put you in a room containing 100 cubic meters of drinking water and 100 cubic meters of breathable air. Outsiders see that the room’s value is €20,000, and you inside agree. Now I replace all the air with water and leave you in the room immersed in drinking water. Objective total value of the room: €20,000. Do you agree that the room hasn’t changed its value, not even for you? You have just a few minutes to think about it before you lose consciousness and kick the bucket 🙂 am I going well? 😁