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Governments 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 fo
by slickrick216 4y ago
Governments 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.