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Money is a social contract. 'Most' of those things that we do to manage it, particularly around fraud, insurance, reporting are to maintain the real integrity
by jariel 6y ago
Money is a social contract.
'Most' of those things that we do to manage it, particularly around fraud, insurance, reporting are to maintain the real integrity of the currency and system.
If you are concerned about the integrity of a currency due to 'money printing' then simply don't hold it as a store of value - just use it as a currency (as it was intended!).
Crypto currencies, without the systems in place to back the fidelity are toys - neither stores of value, nor currency.
Other than perhaps some of the ugly, bureaucratic cobwebs of financial regulations which have not caught up with the times ... there's no point at all to cryptocurrency, it's just a novelty.