The Modern Serfdom Model And The Bitcoin Escape Hatch
Everything about society sets us up to become subservient to the pursuit of the mortgage — but bitcoin changes that.Real estate ownership is the core aspiration driving the Modern Serfdom Model. Debt — and in particular, mortgages — is the mechanism that binds the serf to the system. Inflation covertly moves the finishing line further away each year. This is a game that’s impossible to win. The bad news is it’s getting even harder. But there are two pieces of good news. First, the model is close to its breaking point because home ownership is out of reach for almost all young people.....
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The Human Rights Foundation (HRF)’s Alex Gladstein has heaped praise on bitcoin saying it’s an escape hatch from tyranny and that there is more to it than its price. In comments made via a short video, Gladstein, who is the chief strategy officer (CSO) at HRF, asserts that “people who buy bitcoin are strengthening a tool for protecting human rights.” Bitcoin Preserves Freedom Meanwhile, Gladstein uses the video to push back again bitcoin critics like Paul Krugman whom he describes as living in a “sheltered environment in a liberal democracy with....
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