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More likely they think government monopoly over money is a form of tyranny, or that unchecked government power is tyranny. See: Civil forfeiture: https://en.w

More likely they think government monopoly over money is a form of tyranny, or that unchecked government power is tyranny. See: Civil forfeiture: https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United... Executive order 6102: https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102 Greek austerity measures (which include the reduction of social welfare and benefits due to incompetence of government spending): https://en.wikipedia.org/wiki/Greek_austerity_packages https://en.wikipedia.org/wiki/Greek_austerity_packages And the most important consequence, hyperinflation, often caused by central banks and governments: https://www.investopedia.com/terms/h/hyperinflation.asp https://www.investopedia.com/terms/h/hyperinflation.asp The illusion of security and stability is a very nice fantasy to live in. The price of everything you bought went up ~7.5% in the last year, the debt grows perpetually higher with no plan to ever pay it off, housing and stock market bubbles continue to grow, and this is totally normal and sustainable.

lottin 5y ago
What I was saying... the government doesn't have a monopoly over money. The whole crypto narrative seems thought out by people who don't have a clue about how things work and have zero real-life experience.
- scottiebarnes 5y ago
  > the government doesn't have a monopoly over money Who is determining our monetary policy then? Who is setting interest rates? Where does the money for a trillion dollar stimulus package come from? > The whole crypto narrative seems thought out by people who don't have a clue about how things work and have zero real-life experience. Right now I'm questioning how much you understand about what money is and how it works.
  - lottin 5y ago
    > Who is determining our monetary policy then? Who is setting interest rates? Where does the money for a trillion dollar stimulus package come from? I don't know... does the answer to any of these questions suggest to you that the issuance of currency is a government monopoly? If that's the case, you should probably start here: https://en.wikipedia.org/wiki/Monopoly https://en.wikipedia.org/wiki/Monopoly
    - scottiebarnes 5y ago
      Yes, controlling the world's reserve currency and forcing others to adopt it fits the definition of monopolizing money. You should probably start here: https://en.wikipedia.org/wiki/Bretton_Woods_system https://en.wikipedia.org/wiki/Bretton_Woods_system https://www.thebalance.com/what-is-a-petrodollar-3306358 https://www.thebalance.com/what-is-a-petrodollar-3306358 https://www.investopedia.com/terms/r/reservecurrency.asp https://www.investopedia.com/terms/r/reservecurrency.asp
      - lottin 5y ago
        Q.E.D.

lottin 5y ago

What I was saying... the government doesn't have a monopoly over money. The whole crypto narrative seems thought out by people who don't have a clue about how things work and have zero real-life experience.

scottiebarnes 5y ago
> the government doesn't have a monopoly over money Who is determining our monetary policy then? Who is setting interest rates? Where does the money for a trillion dollar stimulus package come from? > The whole crypto narrative seems thought out by people who don't have a clue about how things work and have zero real-life experience. Right now I'm questioning how much you understand about what money is and how it works.
- lottin 5y ago
  > Who is determining our monetary policy then? Who is setting interest rates? Where does the money for a trillion dollar stimulus package come from? I don't know... does the answer to any of these questions suggest to you that the issuance of currency is a government monopoly? If that's the case, you should probably start here: https://en.wikipedia.org/wiki/Monopoly https://en.wikipedia.org/wiki/Monopoly
  - scottiebarnes 5y ago
    Yes, controlling the world's reserve currency and forcing others to adopt it fits the definition of monopolizing money. You should probably start here: https://en.wikipedia.org/wiki/Bretton_Woods_system https://en.wikipedia.org/wiki/Bretton_Woods_system https://www.thebalance.com/what-is-a-petrodollar-3306358 https://www.thebalance.com/what-is-a-petrodollar-3306358 https://www.investopedia.com/terms/r/reservecurrency.asp https://www.investopedia.com/terms/r/reservecurrency.asp
    - lottin 5y ago
      Q.E.D.