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> Private forms of money were created in order to help alleviate the extreme inelasticity of gold-backed currencies, which the US abandoned in 1971. So Bitcoin

> Private forms of money were created in order to help alleviate the extreme inelasticity of gold-backed currencies, which the US abandoned in 1971. So Bitcoin would have all the issues of the dollar from 1944 to 1971. Which is when it began it's World Reserve Status, and was the reason why Capital Markets functioned and helped rebuild the West, and Japan, as well as led to the highest increase in Social Mobility the World had ever seen at that point and led to the emergence of the World's sole Super Power. I'm an Anarchist and I want to do away with the notions of Nation-states entirely, but even I cannot help but take issue with your framing of what the US Treasury did by identifying those desirable qualities and attributes as 'issues.' The issues emerge when reckless abandon is applied to what was semi-sound monetary policy and you get the perversion of Modern Money and the corruption of Markets that lead to its continual inflationary based asset bubbles and crashes because of cheap/hot money. Monetary stability is what should be desired, and for that you need a system incapable of the whims from Human Corruption. Also, I disagree, if Bitcoin lives up to its potential it remains the only really Multi-planetary monetary system in existence. Nothing else even comes close, if you want to try this experiment just try sending money during non-business hours, on a weekend to a person not in your network. So, BTC is hardly constrained to your confines.

JumpCrisscross 6y ago
> the whims from Human Corruption Aside: is there a term for this style of capitalisation? I see it in 19th century texts...does it have Latin roots?
- Melting_Harps 6y ago
  Perhaps, I've always used it to Identity a certain trait or well known entity. I often read philosophy texts from that era that did the same, never really understanding or knowing its convention but using it none-the-less. For example, I would have capitalized 'century' in your response, as you did for Latin for the same reasons.
  - JumpCrisscross 6y ago
    > philosophy texts from that era that did the same This makes sense. This isn't intended to be hurtful, but for a general audience, I'd suggest avoiding it. My first association was with Flat Earther and other nutter forums, where I think it's used as a misplaced appeal to authority, to look like Enlightenment-era texts.

JumpCrisscross 6y ago

> the whims from Human Corruption Aside: is there a term for this style of capitalisation? I see it in 19th century texts...does it have Latin roots?

Melting_Harps 6y ago
Perhaps, I've always used it to Identity a certain trait or well known entity. I often read philosophy texts from that era that did the same, never really understanding or knowing its convention but using it none-the-less. For example, I would have capitalized 'century' in your response, as you did for Latin for the same reasons.
- JumpCrisscross 6y ago
  > philosophy texts from that era that did the same This makes sense. This isn't intended to be hurtful, but for a general audience, I'd suggest avoiding it. My first association was with Flat Earther and other nutter forums, where I think it's used as a misplaced appeal to authority, to look like Enlightenment-era texts.