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Well I’m a libertarian and an Austrian economics / hard money enthusiast so I grant that my love of crypto is influenced by my politics. If you are a statist th
by seibelj 5y ago
Well I’m a libertarian and an Austrian economics / hard money enthusiast so I grant that my love of crypto is influenced by my politics. If you are a statist that loves government authority, its benefits will be be drawbacks as decentralized money is an obvious attack on state power.
The power of decentralization is to reduce the power of centralized entities. Even within decentralized networks, centralized nodes (companies) gain power. But in decentralized networks you can choose alternatives. In state-run networks, your only option is the state as guns prevent competitors. I like free markers / free minds / private wealth / private power.
- idlewords 5y agoOrganized criminal activity is a powerful centralizing force that is always ignored in these discussions.