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I'm in agreeance here. Using bitcoin takes away a lot of financial tools. The Federal Reserve has a purpose and a responsibility, using bitcoin would send us ba
by tdhz77 8y ago
I'm in agreeance here. Using bitcoin takes away a lot of financial tools. The Federal Reserve has a purpose and a responsibility, using bitcoin would send us backwards not forwards.
- sauwan 8y agoRegardless of the correctness of that, does it matter? If people begin to adopt crypto as a currency, what can be done about it?
- Nursie 8y agoEven cryptocurrency enthusiasts aren't using 'crypto' as a currency, outside of a few niches like black market drug sales, they're using it as a sort of speculative commodity.
- dmitriid 8y agoPeople using cryptocurrency will rediscover and re-invent all the institutions that are required to run an economy and have a currency: banks, regulations, courts, enforcement, proof of identity...
- kneel 8y agoIt's perfectly reasonable to use both fiat and cryptocurrencies. If you don't agree with the federal reserve policy or a politician's short-sightedness, you have an alternative.
- seppin 8y agoCentral Banks are independent from politics for a reason.
- theseatoms 8y agoThat "independence" is a fast-dissolving illusion.
- theseatoms 8y ago> using bitcoin would send us backwards not forwards. This statement strongly implies that the US (and global) monetary situation is headed in a good, positive direction for human flourishing.
- monsterbash506 8y agoWe already have the equivalent of a central bank for cryptocurrency, it's called Maker and it controls the "price" of Ethereum via interest rates.