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Crypto is the same as introducing your own currency and printing your own notes. "But it's on the computer" doesn't change the nature of it.
by bluecalm 4y ago
Crypto is the same as introducing your own currency and printing your own notes. "But it's on the computer" doesn't change the nature of it.
- ChainOfFools 4y agoexcept with cryptocurrency the added exploitation of a broader social custom (privacy) shrouds "you" in a thin veil of decentralized deniability, removing all sense of accountability.
- DennisP 4y agoIntroducing your own currency and printing your own notes is legal and has a long history in the US and elsewhere. One famous example is the Ithica Hours. https://cs.stanford.edu/people/eroberts/cs181/projects/2010-11/Bitcoins/ithaca-hour.html https://cs.stanford.edu/people/eroberts/cs181/projects/2010-...
- jrm4 4y agoNot necessarily; a reasonable argument is "it's just another commodity that can change in value." Someone can introduce Pokemon cards and they can change value just fine.