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> There's a reason private money was outlawed in the 1900s. And the reason is probably a bit more nuanced than this sentence projects. Furthermore, reasoning i
by caruana 7y ago
> There's a reason private money was outlawed in the 1900s.
And the reason is probably a bit more nuanced than this sentence projects. Furthermore, reasoning in the 1900s should not be used to justify government monopoly on money in 2019.
- Vervious 7y agoFair. I guess the 2008 financial crisis is an elephant in the room, for instance, revealing flaws in our current economic approach. But that is a very different conversation, I think, for a very different audience. Sometimes, being in the cryptocurrency industry, it feels like a shouting match between people who have never studied economics or distributed systems or cryptography.