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> I believe the value of cryptocurrency is to neuter governments' abilities to inflate or devalue currency with the push of a button Central banking is necessa

> I believe the value of cryptocurrency is to neuter governments' abilities to inflate or devalue currency with the push of a button Central banking is necessary function of government. If government saw their ability to do it being actually "neutered" then it would get shut right down. I am not saying that it can't be mismanaged by a state, but you do not have anything better than state fiat money. > personally think of cryptocurrency like a constitution but for money (eyeroll) > Let's ride this puppy and annoy some people. You ride on. Ride off. Ride far away.

bustin 6y ago
>I am not saying that it can't be mismanaged by a state, but you do not have anything better than state fiat money. I agree with this! At the moment I don't see many things that are better yet. I hope to see an obvious winner someday. EDIT: For the record, I hold no Bitcoin. While it has a lot of potential value in creating Freedom To Transact, I'm not convinced the current price per unit is anything but a Pump and Dump. If Bitcoin is a Constitution of Money, it's a pretty fucked up one.