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We don't need to extrapolate. There's a 100% chance of some kind of crisis in our future. The first crisis in a system with no monetary policy will knock ever
by jollybean 5y ago
We don't need to extrapolate.
There's a 100% chance of some kind of crisis in our future.
The first crisis in a system with no monetary policy will knock everything down.
Hard monetary policy is like nailing a board between the dock and the boat - it's great for stability ... until the tide goes out, or, a big wave comes.
That's why we use ropes, not boards.
Currencies can only exist within an economic zone and they're a useful tool wit price stability etc.. BTC provides none of that so it's not very useful.
It's a neat idea.
Also, the US definitely does not have 'Monetary Hegemony' in the world. Just an outside influence, that's waning a bit.
The 'Big Banks' are not stealing your wealth because of monetary policy, for the most part. They will steal your wealth just as well with BTC.