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You are trying to solve a problem that is a feature. Printing money is a feature to keep our societies afloat during dark times. It is one of the tools to keep

You are trying to solve a problem that is a feature. Printing money is a feature to keep our societies afloat during dark times. It is one of the tools to keep a currency stable. Not to say that there aren't serious problems in the fin-tech world, but immutable ledgers and rigid currencies aren't going to solve those. The key problem - and your post is yet another example - is that you can't replace trust with an immutable ledger. https://www.schneier.com/essays/archives/2019/02/theres_no_good_reaso.html https://www.schneier.com/essays/archives/2019/02/theres_no_g... The real problem - in my view - is that people don't understand the foundations of a society anymore, how to live together.

loceng 6y ago
You're misunderstanding what I'm saying. "... is that you can't replace trust with an immutable ledger." "The real problem - in my view - is that people don't understand the foundations of a society anymore, how to live together." I agree with you 100%. Also, I never said we should prevent printing money with blockchain - the purpose and value is so that if a nation does print money, they're open and honest about it. It would be their own democratic decision to do so, likewise in the blockchain system I envision - it would be that same democratic process, decision making, that they would want to join such a managed system that other trusted-democratic nations are part of - where they believe in the transparency of it all. And I never even alluded to replacing trust with an immutable ledger, just that an immutable ledger becomes a witness that each nation would decide to be witnessed by by their peers. All of my projects are health-wellness focused, in part to help people develop their self-awareness, to gain and maintain their health, and in part that is healing through community - building real community.

loceng 6y ago

You're misunderstanding what I'm saying. "... is that you can't replace trust with an immutable ledger." "The real problem - in my view - is that people don't understand the foundations of a society anymore, how to live together." I agree with you 100%. Also, I never said we should prevent printing money with blockchain - the purpose and value is so that if a nation does print money, they're open and honest about it. It would be their own democratic decision to do so, likewise in the blockchain system I envision - it would be that same democratic process, decision making, that they would want to join such a managed system that other trusted-democratic nations are part of - where they believe in the transparency of it all. And I never even alluded to replacing trust with an immutable ledger, just that an immutable ledger becomes a witness that each nation would decide to be witnessed by by their peers. All of my projects are health-wellness focused, in part to help people develop their self-awareness, to gain and maintain their health, and in part that is healing through community - building real community.