3 ms·
Maybe that is the price of censorship resistance. Maybe that is the price of sound money. Maybe if you don’t have a system like this imperial hegemonic nations
by DSingularity 5y ago
Maybe that is the price of censorship resistance. Maybe that is the price of sound money. Maybe if you don’t have a system like this imperial hegemonic nations like the US will print money to stay ahead with impunity. Maybe, for all those things, that’s a price worth paying.
- nabla9 5y agoConspiracy theories, money mystism and emotional rants.
- africanboy 5y agoUS hegemony is military, not monetary US army will be hegemomic even if the entire planet switch to BTC
- enumjorge 5y agoI’m sorry but this is just appeal to emotion that does not match the current reality of Bitcoin. In what way is Bitcoin “sound”? It’s volatile, opaque, and at the peak of the frenzy (i.e. when usage was high) transactions were both expensive, and slow. I don’t see how the existence of BTC prevents the US Treasury from printing money. In some theoretical scenario maybe, but not in actuality. And I don’t buy that BTC is going to empower “the little guy”. Coinbase, the most accessible way to trade cryptocurrencies is now beholden to Wall Street and there are concerns about the amount of control China has over BTC [0]. The same people in control now will try to retain if the rules of the game change. [0] https://www.investopedia.com/news/bitcoin-wont-win-worldwide-adoption-because-china-controls-it-ripple-ceo/ https://www.investopedia.com/news/bitcoin-wont-win-worldwide...
- DSingularity 5y agoIt’s a feedback mechanism. The fed will always worry that if they get too loose the rich will dump all their money into gold and land and art and whatever pristine investments they can buy to avoid inflation. Guess what is the perfect digital equivalent to these things?