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>Doing it as a technological bank shot is even trickier OTOH, if ever you're going to end-run the money-changers, it'd be by supplanting their money with somet
by unclebucknasty 9y ago
>Doing it as a technological bank shot is even trickier
OTOH, if ever you're going to end-run the money-changers, it'd be by supplanting their money with something that can't be controlled/centralized.
- wpietri 9y agoAlas, I don't think they are end-runnable. Their whole business is end-running whatever system exists so as to maximize their own profits. And they're very good at it; their rake has quadrupled since WW II: https://blogs.wsj.com/economics/2011/12/10/number-of-the-week-finances-share-of-economy-continues-to-grow/ https://blogs.wsj.com/economics/2011/12/10/number-of-the-wee...
- unclebucknasty 9y agoNo doubt it's tough, but I tend to think anything human-made can be changed/un-made by humans.
- wpietri 9y agoOh, agreed. I definitely think we should keep financiers and rentiers on a much tighter leash. I just think we have to do it explicitly and politically.