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Yes it is hard to say what Bitcoin is for or against. But to be clear: it is not "central planning" in general that the Bitcoin community is against. The commun
by mrb 10y ago
Yes it is hard to say what Bitcoin is for or against. But to be clear: it is not "central planning" in general that the Bitcoin community is against. The community wants no central planning of the MONETARY POLICY (eg. they want no long-term inflation). That is why there is a fixed 21 millions coins (therefore no policy to decide about), which is arguably one of the most liked property of Bitcoin.
The original poster insinuated Bitcoin needed all-powerful policy planners ("Davos meetings"), which is false. All that is taking place is community discussions about scaling (block size increase), but it would be absolutely incorrect to compare this to "Davos meetings".
- argonaut 10y agoAll you've repeated is that they're not the same. You haven't actually given any reasons why this is the case.