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There wouldn't be a need for alternatives if gov. regulators were doing such a marvelous job centrally planning economies. I get it. People hate "greedy capita
by aww_dang 5y ago
There wouldn't be a need for alternatives if gov. regulators were doing such a marvelous job centrally planning economies.
I get it. People hate "greedy capitalists" and need someone to blame. The Monopoly Man trope is tired. I don't understand the lack of focus on those who are currently manipulating markets.
The best part of crypotcurrency is that is entirely voluntary. You're not coerced to participate. The author is free to not use it. Compare that to bailouts, bail-ins, "economic stimulus", Cantillon effects and wholesale debasement of state issued currency.
Have problems with centralization and manipulation driven by popular exchanges? Why not examine the regulations prohibiting competition in this space instead of blaming a straw-man vision of capitalism? The author strikes out at capitalism, but in a laissez-faire system there would be greater competition, preventing these issues.
- kristiandupont 5y ago>The author is free to not use it Sure, but he's not free from the consequences to the climate.