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> When I have $100 in my wallet, I actually have $100 yeah, tell that to Venezuelans. > You completely fail to address the point - when making a transaction,
by keymone 8y ago
> When I have $100 in my wallet, I actually have $100
yeah, tell that to Venezuelans.
> You completely fail to address the point - when making a transaction, removing the bank from the picture actually hurts purchasers and demands far more trust.
that wasn't actually the point, or at least was completely off target, but sure, i can address it - banks are providing some useful services, banks won't stop providing those services on top of cryptocurrencies, they will just have to face the reality that nobody is going to inflate them out of their financial screw ups.
and finally, if you're fine trusting politicians to run your financial system and regularly screw you up with inflation, financial meltdowns, bankruptcies, etc - i'm ok with your choice. just get off your high horse and don't claim nothing should be attempted to fix that by and for people who are fed up.
- Nursie 8y ago>yeah, tell that to Venezuelans Or BTC hodlers who've seen an 80% crash, perhaps. > banks are providing some useful services, banks won't stop providing those services on top of cryptocurrencies Then they, and I, have no incentive to use cryptocurrency. >finally, if you're fine trusting politicians to run your financial system and regularly screw you up with inflation, financial meltdowns, bankruptcies, etc So far the current sytems in western democracies have outperformed any other system, ever. Further, having a centrally controlled currency is a good thing, yes, it allows monetary supply to be altered and manipulated to support the economy. Unlike, say, gold, which turned out to be a bad choice for a currency. I'd far rather have monetary policy set by a government, or a quasi-independent entity like the Bank of England, than by some geeks and a bunch of miners. > claim nothing should be attempted to fix ... Your 'fix' doesn't actually fix anything and it makes a lot of things worse. That's why you get called on it.
- keymone 8y ago> Or BTC hodlers who've seen an 80% crash, perhaps zoom out, you're embarrassing yourself. > Your 'fix' doesn't actually fix anything and it makes a lot of things worse. That's why you get called on it. that's just like your opinion man. no reason to continue, time will prove who's right.