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Not OP, but I wouldn't. I consider the tools available to central banks to be actually usefull. Example: The ability to print more or less money depending on w

Not OP, but I wouldn't. I consider the tools available to central banks to be actually usefull. Example: The ability to print more or less money depending on what is needed.

zionic 6y ago
This position makes all sorts of unfounded assumptions about the nature of your government, that it is operating in your best interest, that it hasn't been captured by outside forces/interests etc etc.
- pelliphant 6y ago
  Ì'm scandinavian, so yes, I assume that my government is more on my side that pretty much any for-profit organization in the world.
  - tofuahdude 6y ago
    Consider for a moment that there's a world outside of your country with governments that are not trustworthy.
    - pelliphant 6y ago
      That is true. But people from those countries could use a currency from one of the more trusted governments instead of using bitcoins. As an example: american dollars was used as currency in a lot of soviet states.
  - insertnickname 6y ago
    I'm Scandinavian too. I don't assume that.
- UncleMeat 6y ago
  Why would I expect a few software engineers to make better choices? When Saitoshi picked the parameters for BTC, were they optimal or picked out of thin air? What if the BCH chain had won instead? We are at the mercy of the ideological goals of a handful of engineers. I'd much rather be at the mercy of the political goals of people I democratically elect.
charcircuit 6y ago
I could in 2 minutes deploy a new smart contract for a coin that allows for the owner to mint money whenever they want. Cryptocurrency doesn't stop a coin like that from existing.
- pelliphant 6y ago
  Ok, and if the owner in our hypothetical scenario was my government, then I might change my mind.
  - xerxespoy 6y ago
    Many central banks and governments are experimenting with cryptocurrency/blockchain. I believe some have gone live with various projects around voting, currency-issuing and accounting. Notably also, the US government is using USD-pegged crypto currency "USDC" to circumvent governmental corruption in Venezuela, in order to deliver economic aid directly (to intended recipients who weren't receiving it through government-controlled Venezuelan banks): https://blockchain.news/news/us-government-usdc-stablecoin-offer-foreign-aid-venezuela https://blockchain.news/news/us-government-usdc-stablecoin-o... Mainstream source: https://finance.yahoo.com/news/us-government-enlists-usdc-global-193616264.html https://finance.yahoo.com/news/us-government-enlists-usdc-gl...
  - mercurial_sucks 6y ago
    You must be new to the idea of cbdcs. Almost every major country has already planned them

Not OP, but I wouldn't. I consider the tools available to central banks to be actually usefull. Example: The ability to print more or less money depending on what is needed.

zionic 6y ago

This position makes all sorts of unfounded assumptions about the nature of your government, that it is operating in your best interest, that it hasn't been captured by outside forces/interests etc etc.

pelliphant 6y ago
Ì'm scandinavian, so yes, I assume that my government is more on my side that pretty much any for-profit organization in the world.
- tofuahdude 6y ago
  Consider for a moment that there's a world outside of your country with governments that are not trustworthy.
  - pelliphant 6y ago
    That is true. But people from those countries could use a currency from one of the more trusted governments instead of using bitcoins. As an example: american dollars was used as currency in a lot of soviet states.
- insertnickname 6y ago
  I'm Scandinavian too. I don't assume that.
UncleMeat 6y ago
Why would I expect a few software engineers to make better choices? When Saitoshi picked the parameters for BTC, were they optimal or picked out of thin air? What if the BCH chain had won instead? We are at the mercy of the ideological goals of a handful of engineers. I'd much rather be at the mercy of the political goals of people I democratically elect.

charcircuit 6y ago

I could in 2 minutes deploy a new smart contract for a coin that allows for the owner to mint money whenever they want. Cryptocurrency doesn't stop a coin like that from existing.

pelliphant 6y ago
Ok, and if the owner in our hypothetical scenario was my government, then I might change my mind.
- xerxespoy 6y ago
  Many central banks and governments are experimenting with cryptocurrency/blockchain. I believe some have gone live with various projects around voting, currency-issuing and accounting. Notably also, the US government is using USD-pegged crypto currency "USDC" to circumvent governmental corruption in Venezuela, in order to deliver economic aid directly (to intended recipients who weren't receiving it through government-controlled Venezuelan banks): https://blockchain.news/news/us-government-usdc-stablecoin-offer-foreign-aid-venezuela https://blockchain.news/news/us-government-usdc-stablecoin-o... Mainstream source: https://finance.yahoo.com/news/us-government-enlists-usdc-global-193616264.html https://finance.yahoo.com/news/us-government-enlists-usdc-gl...
- mercurial_sucks 6y ago
  You must be new to the idea of cbdcs. Almost every major country has already planned them