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I never said anything about regulation. My only issue is that investment in the traditional markets is subject to government-caused inflation. This was only t
by danuker 5y ago
I never said anything about regulation.
My only issue is that investment in the traditional markets is subject to government-caused inflation.
This was only the case since Nixon. I would love to go back to stricter regulation such as the gold standard. It is a simple way to enforce financial sustainability.
The US never reverted the "temporarily" suspended convertibilty of the USD to gold. Bitcoin is a reaction to that - gold for a digital age. It IS a form of nonviolent protest. It is scarcity through complete accounting and messaging.
- ShamelessC 5y agoBitcoin isn't a reaction to the loss of the gold standard, something which happened a very long time ago and is widely agreed to be have been a bad idea in the first place. Really though my main point is that you seem tone-deaf. like - "money hasn't been real since we got off the gold standard" is just old libertarian rhetoric. Are you not aware that there are views on this, mainstream ones even, that disagree? Anyone taught Keynesian economics in high school is going to have a view on this and simply saying "oh yeah all the economists were wrong actually but the crypto people got it right" just isn't convincing anyone except for those who are entrenched and/or uneducated.