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I agree with your conclusion - but your premise of conspiracy is wrong. Using virtual Money is obviously much better than paper money. The difference is should
by 1971genocide 11y ago
I agree with your conclusion - but your premise of conspiracy is wrong.
Using virtual Money is obviously much better than paper money. The difference is should it be centralized or de-centralized and anonymous ?
The paradoxical economic problem with decentralized money is that the govt has no control over it. Which means during bad time its going to be very difficult for the govt to enact changes. We learnt it the hard way During the great depression when money was pegged to gold and the govt was unable to use inflation to restart the economy.
Its a deep economical problem for which there is no known theoretical solution. Is it possible to have a decentralized monetary system that can also be controlled by a representive govt ?
- DamnYuppie 11y agoUnfortunately it is much easier for governments to confiscate it when it is digital and centralized.
- kaybe 11y agoAnd much easier to collect data on people's money-spending habits.
- jMyles 11y ago> The paradoxical economic problem with decentralized money is that the govt has no control over it. This is a not a paradox nor even a contradiction; indeed to advocates of many decentralized currency solutions, this is the killer feature. > Which means during bad time its going to be very difficult for the govt to enact changes. We learnt it the hard way During the great depression when money was pegged to gold and the govt was unable to use inflation to restart the economy. Of course you realize that this narrative does not enjoy consensus.
- jimrandomh 11y agoThe grandparent poster never used the word conspiracy, nor alleged one.