3 ms·
Money not controlled by a central entity. I don't think it's more complex than that. The closer the idea gets to centralization, the more scams erupt.
by psychlops 4y ago
Money not controlled by a central entity. I don't think it's more complex than that. The closer the idea gets to centralization, the more scams erupt.
- oblio 4y agoThat's not even a problem. It's just a statement. What does "money not controlled by a central entity" do? What problem does it solve? Why do I need it? Keep in mind that in my day to day life, I rely on a central entity, a government. And in places where people can't, life is NOT BETTER. It's awful. We call those places failed (fragile if you want to be nice) states. And government should be able to control money. Money is tied to the economy, it's tied to politics, it's tied to the society. The idea that by decentralizing things money will be fully democratic is just silly. Plus, full blown democracy doesn't even work. It leads to tyranny of the masses, that's why every modern country has a constitution that basically say: "you can't do that, no matter how much you want, since you can't abuse others you don't like[1]". [1] In practice, "can't do that" means something really hard to do, usually stuff like "persuade at least 67% of your countrymen to let you do it", to rein in the insanity.