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> It's also funny how ideological people are about bitcoin And against Bitcoin. I don't like your favorite TV show but I don't care that you do... > What we n

> It's also funny how ideological people are about bitcoin And against Bitcoin. I don't like your favorite TV show but I don't care that you do... > What we need are strong, well backed, resilient and responsibly managed currencies. You go find one of those and let us know. > with bitcoin there is no 'monetary policy' and that's a much worse position [...] There's a policy, you just can't tweak it. By design. > having central banks with the ability to do some degree of intervention You list a bunch of reasons why it's useless but in the end your real complaint is that you can't vote to print more.

jomamaxx 10y ago
"And against Bitcoin. I don't like your favorite TV show but I don't care that you do..." + The value of bitcoin to society is something we can try to established objectively. It has nothing to do with 'who likes what TV'. "You go find one of those and let us know." + Ok: USD, Euro, CDN, Pound, Swiss Franc, Swedish and Danish Kroners. To start. There are tons of well managed currencies. "There's a policy, you just can't tweak it. By design." + There is no 'policy' and no flexibility, which is very bad. It's better than 'bad policy' admittedly, but worse than 'no policy'. "You list a bunch of reasons why it's useless but in the end your real complaint is that you can't vote to print more." + The ability to adjust interest rates given the economic circumstance is extremely powerful. Yes, it can be abused, but it's like anything. There are ZERO successful civilizations that have been built on perfectly strict currencies, and the US would have been bankrupt several times were it not for the ability to make monetary policy decisions. Again: 'good policy' > 'strict currency' > 'bad policy'
- EdHominem 10y ago
  > There is no 'policy' Don't you know how mining works? That's the policy. The wining miner issues new "coins". > and no flexibility Right, by design. You get no input besides hash rate. > which is very bad. Oh, of course. Very bad. Yep, totally. > but worse than 'no policy'. Wait, you said there was no policy. Make up your mind. > The ability to adjust interest rates given the economic circumstance is extremely powerful. Ebola is very powerful. And you'd want me adjusting your interest rates about as much as you'd want Ebola. > the US would have been bankrupt several times Trump went bankrupt several times. Does that mean we should support him issuing his own currency? > The ability to adjust interest rates given the economic circumstance is extremely powerful. Yes, of course. And that's why Trump should have that ability. No? > The value of bitcoin to society is something we can try to established objectively. I can see you believe that but there's no objectivity behind it.

jomamaxx 10y ago

"And against Bitcoin. I don't like your favorite TV show but I don't care that you do..." + The value of bitcoin to society is something we can try to established objectively. It has nothing to do with 'who likes what TV'. "You go find one of those and let us know." + Ok: USD, Euro, CDN, Pound, Swiss Franc, Swedish and Danish Kroners. To start. There are tons of well managed currencies. "There's a policy, you just can't tweak it. By design." + There is no 'policy' and no flexibility, which is very bad. It's better than 'bad policy' admittedly, but worse than 'no policy'. "You list a bunch of reasons why it's useless but in the end your real complaint is that you can't vote to print more." + The ability to adjust interest rates given the economic circumstance is extremely powerful. Yes, it can be abused, but it's like anything. There are ZERO successful civilizations that have been built on perfectly strict currencies, and the US would have been bankrupt several times were it not for the ability to make monetary policy decisions. Again: 'good policy' > 'strict currency' > 'bad policy'

EdHominem 10y ago
> There is no 'policy' Don't you know how mining works? That's the policy. The wining miner issues new "coins". > and no flexibility Right, by design. You get no input besides hash rate. > which is very bad. Oh, of course. Very bad. Yep, totally. > but worse than 'no policy'. Wait, you said there was no policy. Make up your mind. > The ability to adjust interest rates given the economic circumstance is extremely powerful. Ebola is very powerful. And you'd want me adjusting your interest rates about as much as you'd want Ebola. > the US would have been bankrupt several times Trump went bankrupt several times. Does that mean we should support him issuing his own currency? > The ability to adjust interest rates given the economic circumstance is extremely powerful. Yes, of course. And that's why Trump should have that ability. No? > The value of bitcoin to society is something we can try to established objectively. I can see you believe that but there's no objectivity behind it.