3 ms·
>>if an entrepreneur can invent their own money and subsume the one issued by a government then you don't have a government. I for one prefer having a governmen
by CryptoPunk 9y ago
>>if an entrepreneur can invent their own money and subsume the one issued by a government then you don't have a government. I for one prefer having a government.
Nonsense. We've had non-political money before. During the free banking era we had thousands of bank-issued currencies that competed in an open market, and the state was alive and well.
The state exists as long as it has a monopoly on force within its jurisdiction. It doesn't need to monopolize the control of money and imprison anyone who has wrong-think about what they consider to be money.
I understand that a lot of people here don't like cryptocurrency and the get-rich mentality around it, but understand that when you call for laws to prohibit various uses of it, you're calling for people to see the inside of a prison cell because they have different ideas about what money is than you.
- mhluongo 9y agoThank you! Only those with a short memory equate money exclusively with government.
- oreo81 9y agoThe fact that this comment is downvoted like this is frightening.
- aje403 9y agoSo wait, okay, in the 1800s state-and-gold-backed banks issued legal tender in lieu of anything else, this is a fair analogy to cryptocurrency and anybody against cryptocurrency just wants to see people in jail