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So we end up with crypto bribing the people with the guns. Turns out they are powerful after all. Who could have guessed. But governments won't ever give away
by est31 4y ago
So we end up with crypto bribing the people with the guns. Turns out they are powerful after all. Who could have guessed.
But governments won't ever give away the power to print money to private hands. They aren't that bribeable.
- slickrick216 4y agoGovernments only have that power cause the people vest them with it. If other individual citizens want to print money that’s their business. No one should be forcibly obliged to only accept certain forms of legal tender. There’s something to be said for taking this power away from governments as it’s been serially mishandled.
- Thorentis 4y agoWill this always be true though? I'm not even sure it's true now. Regardless, crypto was originally intended to be exactly this: an alternative currency. With all this regulation going on, I wouldn't be surprised if we end up with something to the equivalent of "only the government can make and distribute a medium of exchange".
- slickrick216 4y agoNah it’s not true now even. Should be though.
- cheriot 4y ago> No one should be forcibly obliged to only accept certain forms of legal tender. You can start a business and accept monopoly money if you want, but that's not what most crypto promoters are after. The limits are on selling securities. All the crypto scams remind us why.