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> The decentralisation of crypto currencies is great (i.e. there's no central bank that can devalue its currency to prop up their national economy Why? The "ec
by sofixa 5y ago
> The decentralisation of crypto currencies is great (i.e. there's no central bank that can devalue its currency to prop up their national economy
Why? The "economy" isn't something abstract, everyone participates in it. Yes, losing money through inflation sucks, but losing your job due to an economic crisis sucks even more. Some central banks are downright inept ( Turkey) but in those cases it's not just them, it's the whole government, which is ruining the economy through other means as well, so even having the money as independent from their influence wouldn't be of huge help because their ineptitude will show up in other places.