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> If modern finance prevents scams better, Its better at preventing a type of scam, but significantly worse at legal scam -> how much is an 8% inflation of the

> If modern finance prevents scams better, Its better at preventing a type of scam, but significantly worse at legal scam -> how much is an 8% inflation of the dollar on dozens of trillions of USD denominated financial instruments? And there is also plenty of equity scams that are sanctioned by government - the kind that suppresses the ability of people to invest or get funded, to give special permissions to those that play the rules, etc. The way some get bailouts at the expense of the rest. A system with a high degree of freedom and lack of oversight will have higher scams. The big question is, if people were given the choice to participate in both systems, which one will thrive?

chii 4y ago
> legal scam ... calling inflation a legal scam is borderline on the conspiracy fence. > if people were given the choice to participate in both systems, which one will thrive? Well, crypto has been around for about 10 years. There's been plenty of choice, and yet what do you see today?
- throw123123123 4y ago
  > conspiracy fence. What do you mean conspiracy? It's the official purpose of the Fed to maintain inflation low, it has failed, it has cost a devaluation of the assets of everyone holding dollars or dollar-linked financial instruments, and it's gone significantly down in value. > Well, crypto has been around for about 10 years. There's been plenty of choice, and yet what do you see today? A thriving crypto market big enough to be acknowledged as a threat by the head of the federal reserve, the head of the central european bank, and several other high ranking officials.