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Couple points: 1) If we are talking about central banks such as FED - non-QE QE happening right now in the USA could be good example of why one would not be wa
by hippich 7y ago
Couple points:
1) If we are talking about central banks such as FED - non-QE QE happening right now in the USA could be good example of why one would not be want to be part of the game.
2) If we are talking about centralized banking as a group of banks operating under the rule of the government - similar question to yours could apply to the general cryptography - why you need it (unless you are a criminal) if the state protects your rights? We seen countless examples where it doesn't quite work like that.
I really want you to consider that desire to not be forced to use the only one available medium of exchange does not mean someone wants to do something illegal (also, try to define illegal in the very general way, that would apply equally in the USA and in Venezuela, and in Russia, and in Somalia =))
- jgalt212 7y ago> 1) If we are talking about central banks such as FED - non-QE QE happening right now in the USA could be good example of why one would not be want to be part of the game. Crypto doesn't get you away from this. Not to sound like a mediocre Ashton Kutcher film, but it's all connected. In short, too much fiat, cryto prices in terms of fiat will go up and the converse is true as well. The only way crypto wins or is THE place to put your money is if the entire world stops using fiat money.
- hippich 7y agoEven more than that - crypto developers can decide they want to have more than 21m (or whatever fixed number) of coins out there changing the whole mechanic of it. But it is one fork away if majority disagree. Try to fork USD.