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That’s the reality but article tells a totally different story which is funny and also unsettling how The Guardian can do so bad reporting. I for once agree wi

That’s the reality but article tells a totally different story which is funny and also unsettling how The Guardian can do so bad reporting. I for once agree with these council suggestion, 100% bank reserves for cripto-things. The world doesn’t need to add more instability to the FIAT system.

syshum 5y ago
The world needs to toss the FIAT system....
- zja 5y ago
  why?
  - syshum 5y ago
    The reasons are far too numerous to list all of them here, entire books have been written outlying why Fiat currency is bad over all for humanity however for me, I am supporter of extremely limited government, as such commodity based money is a natural limit on how much government a civilization can have, as government can only directly tax soo much before the citizens revolt, fiat currency allows them to tax by inflation and take on far more debt than a commodity currency would allow. Also fiat currency makes War between nations far more economically possible.
  - brighton36 5y ago
    "anything but this" is a compelling direction, when people don't subscribe to a least-worst model of governance. 'Anything but this' is an utopian path. There's really no justification or even rationalization, for compromise, online. 'Anything but this' is a form of 'cures whatever ails you'.
- nps1 5y ago
  You are removing one problem with another. In FIAT govt control flow of money. In bitcoin, you give that control to some private companies who manufacture mining rigs and energy producing companies. Except, the cost of the alternative is you see increase in price of silicon tech and energy costs for regular use. I bet the supply chain issues you are seeing now a days with silicon products and high cost of crude can be attributed to increase in price of bitcoin.
  - sangnoir 5y ago
    > In FIAT govt control flow of money. In bitcoin, you give that control to some private companies who manufacture mining rigs and energy producing companies. You forgot Elon Musk's tweeter account, which seems to have a lot of sway for reasons opaque to me. Then again, I think those fraudulent bitcoin-giveaway bots that pretended to be Elon primed the pump for him
- unmole 5y ago
  Why, what did the Italian Automobiles Factory in Turin do?
wolverine876 5y ago
> article tells a totally different story which is funny and also unsettling how The Guardian can do so bad reporting Could you point out where you see problems?

syshum 5y ago

The world needs to toss the FIAT system....

zja 5y ago
why?
- syshum 5y ago
  The reasons are far too numerous to list all of them here, entire books have been written outlying why Fiat currency is bad over all for humanity however for me, I am supporter of extremely limited government, as such commodity based money is a natural limit on how much government a civilization can have, as government can only directly tax soo much before the citizens revolt, fiat currency allows them to tax by inflation and take on far more debt than a commodity currency would allow. Also fiat currency makes War between nations far more economically possible.
- brighton36 5y ago
  "anything but this" is a compelling direction, when people don't subscribe to a least-worst model of governance. 'Anything but this' is an utopian path. There's really no justification or even rationalization, for compromise, online. 'Anything but this' is a form of 'cures whatever ails you'.
nps1 5y ago
You are removing one problem with another. In FIAT govt control flow of money. In bitcoin, you give that control to some private companies who manufacture mining rigs and energy producing companies. Except, the cost of the alternative is you see increase in price of silicon tech and energy costs for regular use. I bet the supply chain issues you are seeing now a days with silicon products and high cost of crude can be attributed to increase in price of bitcoin.
- sangnoir 5y ago
  > In FIAT govt control flow of money. In bitcoin, you give that control to some private companies who manufacture mining rigs and energy producing companies. You forgot Elon Musk's tweeter account, which seems to have a lot of sway for reasons opaque to me. Then again, I think those fraudulent bitcoin-giveaway bots that pretended to be Elon primed the pump for him
unmole 5y ago
Why, what did the Italian Automobiles Factory in Turin do?

wolverine876 5y ago

> article tells a totally different story which is funny and also unsettling how The Guardian can do so bad reporting Could you point out where you see problems?