3 ms·
I think an alternate money system that works alongside government issued currencies would be a huge boon to society.
by whytaka 9y ago
I think an alternate money system that works alongside government issued currencies would be a huge boon to society.
- _jal 9y agoLong term, you will either have government as we know it now, or an alternate currency, but not both. The monopoly on currency is closely related to the monopoly on force. I generally think a lot of anarcho-capitalist theory to be obvious nonsense, but on that, they have a point.
- whytaka 9y agoI agree that governments will try but there are already plenty of countries where merchants will accept USD as well as their local currency.
- fwdpropaganda 9y agoIt already exists https://en.wikipedia.org/wiki/Complementary_currency https://en.wikipedia.org/wiki/Complementary_currency The reason why you've never heard of it it's because it's not a huge boon to society. In the vast majority of cases it's an entirely pointless thing that you do just because you can.
- whytaka 9y agoI think that's a weak argument. All of the currencies listed in the article are limited to local purchases. At first glance they all seem to be paper money as well. They clearly solve none of the problems that concern crypto-enthusiasts/non-keynesians. No, the reason I never hear about them is because they are limited in scope and simply defer power to another authority.