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This is indeed a scary prospect. However, let's be frank about the benefits of such a currency: better control over counterfeiting, financial convenience with
by starkd 4y ago
This is indeed a scary prospect. However, let's be frank about the benefits of such a currency: better control over counterfeiting, financial convenience with low cost transactions, etc. If we can ensure anonymous 3rd party transactions, there could be enormous opportunities.
- tastyfreeze 4y ago> better control over counterfeiting Remember, it is only counterfeiting if you do it. It is "good" monetary policy when the government does it.
- olddustytrail 4y agoAssuming you live in the UK or the USA, all your money is created by the government (though usually indirectly through commercial banks). It's counterfeiting when you try to pretend your own currency is government produced.
- Finnucane 4y agoyes, it is not counterfeiting money when the agency legally authorized to create money does that.
- deleted 4y ago[deleted]
- tastyfreeze 4y agoThe effects of me printing dollars and the government printing dollars are the same. They just don't want me cutting in to their profit. The US government is only authorized to coin money. That is making coins out of metal.
- Finnucane 4y agoParty like it’s 1799, dude!
- int_19h 4y agoThe whole point of those systems is to ensure that there's no such thing as an "anonymous transaction" as far as the government is concerned, no?