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How might we create a digital commodity that is: 1) Consistent with a specific set of ideals (anyone can issue, what happens on the network is a matter of indi
by wilde 6y ago
How might we create a digital commodity that is:
1) Consistent with a specific set of ideals (anyone can issue, what happens on the network is a matter of individual responsibility, establish economic incentives to funnel people into good behavior, finders keepers, etc.)
2) Obfuscated enough that it’s not immediately regulated into oblivion by the existing financial system
Many people on this site subscribe to the ideals in #1, thus the fervor. The CFTC has decided to do away with #2 (in the states) but it took them over a decade.
- moron4hire 6y ago> what happens on the network is a matter of individual responsibility That sounds like the opposite of solving trust.
- wilde 6y agoIndeed. I don’t agree with all of these principles. I’m just stating what I’ve observed.