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So much drama. It all comes down to: do you want to use a currency whose rules are immutable and its value is decided by the market or do you want a government

So much drama. It all comes down to: do you want to use a currency whose rules are immutable and its value is decided by the market or do you want a government backed currency that can change its monetary policy according to its discretion? Everything else is just words.

leijurv 4y ago
Why do you think it all comes down to that? Clearly there's much more to it. For example, cryptocurrencies with those two properties you mentioned are a dime a dozen. I could make one right now by git cloning bitcoin, changing some properties, then running it. And in practice there are thousands with high volume exchange-value. Digital currencies, when combined with ubiquitous exchanges, have such substitutability that I'm not sure there's much of a "network effect" or "lock in", when it's so easy to swap and pay with any of them. "value decided by the market" might be flimsy in this case.
- rafaelero 4y ago
  > Why do you think it all comes down to that? What do you think Bitcoin is about? > For example, cryptocurrencies with those two properties you mentioned are a dime a dozen. I don't think so. Only one project have remained unchanged since its inception.