Stop The Decentralized HIVE Fund from Laundering HIVE

in #moneylast year

Steemit Inc and those who voted for a couple of Justin Sun's witnesses have not been airdropped any Hive. This Hive was put into the account @steem.dao and is being slowly washed into the Decentralized Hive Fund. Vote to burn this dirty HIVE by supporting Proposal 83!

While this HIVE isn't actually being laundered as it wasn't stolen in the hard fork, it was created out of thin air and simply "repurposed." This money will flow into the system and cause inflation. Voting to burn it will reduce inflation and help increase the value for all.

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.
Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose

-- John Maynard Keynes, The Economic Consequences of the Peace, 1919. pp. 235-248. PBS.org

This quote has so many parallels to what is going on today with HIVE and in some of our countries. Inflation taxes savers and rewards a small elite, not going to mention any names.

Make Lenin Proud and Wash that HIVE Comrades!


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