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> If by design, cryptocurrency has a finite volume of transferrable currency, do early adopters have an unfair advantage that could potentially make the currenc
by eMGm4D0zgUAVXc7 6y ago
> If by design, cryptocurrency has a finite volume of transferrable currency, do early adopters have an unfair advantage that could potentially make the currency unusable?
> I don’t see how it could possibly be fair when earlier mining yielded currency more quickly.
If by design, fiat currency has an infinite volume of transferrable currency, do governments have an unfair advantage that could potentially make the currency unstable?
I don't see how it could possibly be fair when just printing it yielded currency more quickly than properly earning it.
- Nursie 6y agoThat doesn't even make sense. For a start governments don't earn money. Secondly, a managed currency controlled by a central bank under the control of a democratic government is a good thing.
- eMGm4D0zgUAVXc7 6y ago> For a start governments don't earn money. Build infrastructure = provide a service. Get paid taxes for usage of said infrastructure = earn money for properly providing a service. > Secondly, a managed currency controlled by a central bank under the control of a democratic government is a good thing. That is a tautology, you merely rephrased the claim without providing any argument.
- Nursie 6y agoCurrency supply to the economy and the amount of services a government supplies are orthoganal issues. I didn't provide a reason, but it's not a tautology. I would accept "bland assertion".
- conanbatt 6y ago> Get paid taxes for usage of said infrastructure = earn money for properly providing a service. Taxes and provision of services are completely separated. Citizen did not get their money back when schools closed because of the pandemic.