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Isn't that what you want, Macroeconomics 101? Control inflation, interest, growth by creating or limiting the currency floating around your system? I mean yeah
by CosmicShadow 7y ago
Isn't that what you want, Macroeconomics 101? Control inflation, interest, growth by creating or limiting the currency floating around your system?
I mean yeah you could roll this out to places that perhaps didn't understand this and/or fucked up real bad like Zimbabwe, but otherwise who cares?
If you can't trust your government so bad that your cash no longer works, you've got bigger problems and whatever system you build via the Internet is probably going to also be blocked and/or the infrastructure will be in tatters.
- darawk 7y agoSome people believe that government control of the money supply is a form of theft. It's certainly a form of indirect taxation (via inflation), and it forces you to rely on the responsibility of your government. Some people believe that eliminating the need to rely on the responsibility of other humans is a terminal good.
- UncleMeat 7y agoAnd some people believe that wifi causes cancer. A startup selling wifi repelling clothes to prevent cancer would be rightfully criticized.
- darawk 7y agoThat's s strange comparison. Wifi <-> cancer is an empirical question. The question I articulated was a values question. They're not really comparable.
- CosmicShadow 7y agoI don't know if even sci-fi could imagine 7 billion people not needing to rely on anyone even remotely fathomable. If you don't want to rely on anyone, become a hermit somewhere in the deep woods. I guess if your government is a royal family taxing you to line their own pockets that would seem like theft, but otherwise seems hard to believe it could be true, but people will believe anything. The world is complex, the economy is complex, and stopping a country's economy from tumbling out of control with all the internal and external variables is non-trivial.