3 ms·
I think it's especially divisive because the only way to further it is with increasingly ingenious, sophisticated argument. This doesn't come down to simple con
by Applejinx 5y ago
I think it's especially divisive because the only way to further it is with increasingly ingenious, sophisticated argument. This doesn't come down to simple concepts: it's hypotheticals, projections, a call to imagine what COULD be, and a great deal of pressure to buy into one or another predicted outcome.
This becomes like a game. It's a logic puzzle. How do you construct an unanswerable argument that produces your desired result? It's much less interesting to go 'well, wait and see, things will doubtless become more obvious as this progresses'.
Under some circumstances, the ONLY way to establish a currency that actively supplants and destroys all fiat currency, displacing governments and replacing their control with only market pressures enacted through completely liquid and untrammeled flow of capital… is to ram it through with such desperate haste that it's too big to fail by the time it's recognized as a threat by those controlling governments. To topple governments and replace all their control with anarchy governed by only market pressures, the ungovernable replacement currency has to be so huge that the pressure of committed capital ITSELF is more powerful than any government.
This is a big, dramatic 'ask'. Whether it's wrecking the world and ruining the environment is a whole separate question. Arguably the bigger question is, 'SHOULD there be a currency that allows the pressure of purely capital to overthrow this or any government?' Especially since by design it is NOT a hierarchical power structure, but distributed and impossible for anyone to control… does that produce desirable results?
Mind you, if you get that and THEN find out it's possible for the system to be controlled anyway, you're pretty thoroughly hosed… you have to trust very much that the system put in place to overthrow all governments, truly represents a distributed and ungovernable system. Otherwise, you just overthrew all governments in order to hand all power over to somebody that you don't know who it is.