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Currency and money are weird and ancient concepts, in my view. Of course they are part of society as common tools, but money can be corrupt or just a misleadin
by jokoon 6y ago
Currency and money are weird and ancient concepts, in my view.
Of course they are part of society as common tools, but money can be corrupt or just a misleading way to measure value in society, especially with ecology and a very sophisticated society.
With the end of the cold war and the soviet union, there will be an endless supply of people arguing against planned economy, while it's clearly undeniable that all modern world governments are somewhat already centralized in a way or another, would it be by law, lobbies, government or monopolies.
It's really weird how bitcoin showed that normal banks are actually the best way to handle money. Government-regulated currencies are best because voters can actually have a saying in how money gets handled. You cannot say such thing about BTC. BTC is at the mercy of malware and BTC-to-dollar exchanges.
BTC really is the most shiny software gadget ever invented. Most people don't know how it work.
- ObserverNeutral 6y ago> Government-regulated currencies are best because voters can actually have a saying in how money gets handled No, they don't. BTC is successful because citizens were against bailouts and yet government did bailouts to secure the "common good" It's also popular because the Fed has a 2% inflation target whereas the population prefers a -2% Government can kill btc in 3 seconds if it wants to do so...it just needs to give people what they want, what's popular so to speak, regardless of outcomes