3 ms·
Money is an integral part of a social system and stability. You can't 'disrupt' money without disrupting governance, rule of law, accountability and systems. W
by throw2016 10y ago
Money is an integral part of a social system and stability. You can't 'disrupt' money without disrupting governance, rule of law, accountability and systems.
We are far safer with governments and central banks that are accountable to us to varying degrees than self appointed shadowy crypto currency cliques with zero transparency and accountability. The monetary system certainly cannot be in private hands.
The 'solution' peddled in a frenzy by early adopters is tainted by self interest and infinitely worse than any problem with central banks and current monetary systems.
- fennecfoxen 10y ago> We are far safer with governments and central banks that are accountable to us to varying degrees Ah, but there's the rub. How accountable are they, really? In the software industry, you find out that if "everyone" is responsible for something, then all too often, no one is. And even if they are accountable to people in general, what happens when they fail individuals? Like this guy who had £440,000 of lawsuit-settlement money seized by Barclays on money-laundering suspicions: https://www.theguardian.com/money/2017/jan/22/barclays-took-my-440000-customers-caught-up-banks-de-risking-money-laundering-laws https://www.theguardian.com/money/2017/jan/22/barclays-took-...