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Except that inflation is at an all-time low (more would actually be better). And politicians aren't "lining their pockets" – none of them make what they could g
by matt4077 10y ago
Except that inflation is at an all-time low (more would actually be better). And politicians aren't "lining their pockets" – none of them make what they could get in the private sector. That sort of conspiracy theory is why most people stay far away from cryptocurrency (and really enjoyed this DAO thing).
Oh, and the government doesn't print money. Well it does in the strict interpretation of fixing color on some substrate. But government spending does not increase the amount of money in circulation.
The analogy between the DAO fiasco and real currencies is almost brutally obvious: a fake currency, powered by the conspiracy theories of a population shocked by the financial crisis suddenly needs market intervention because an institution that's 'too big to fail' is threatened.