> Can you come up with a better solution? Yes!!!! It's called central banks and monetary policies. Seriously. We need to get back our democratic control over

> Can you come up with a better solution? Yes!!!! It's called central banks and monetary policies. Seriously. We need to get back our democratic control over it, and make it work for us again. We have to stop wanting to fix our societal issues with technology: we can't fix our money with crypto-currency any more than we can't fix mass surveillance with encryption. If anything, crypto currencies are a concentration of what is worse with our existing financial system: even less democratic control, no regulations and therefore all sorts of scams, and we can't tune it to make our economy work. In a world ruled by crypto, our governments would have the perfect alibi for failing: it's not their fault, their hands are tied, they can't get the money for the projects that are needed. This has happened plenty of times in the past when we were using gold and such. And that's just the credit crunch problem, there are many more.