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Well, yes. Good. We work the political, regulatory and legal systems to develop this utopia. I agree this is what we should be working towards. I am delighted b
by curiousObject 3y ago
Well, yes. Good. We work the political, regulatory and legal systems to develop this utopia. I agree this is what we should be working towards. I am delighted by your optimism, it’s wonderful.
But, looking At Washington right now (for example), can you honestly see this happening anytime soon? I’m sorry, but I can’t.
I think we should think about how we can work around that gridlock, even if we’re just doing it to pressure the powers-that-be (government, banks etc) to do a slightly better job.
- kemotep 3y agoSubstantial amount of various systemic reforms would be required to reach this. Election reform, voting reform, constitutional reforms (to the point a new one would probably be necessary), and so much more. All while, like you point out, dozens if not hundreds of thousands of people, politicians, legal frameworks, and corporate interests would work to undermine, delay, or prevent these reforms. They are possible. But it isn’t easy. I just feel, that what cryptocurrency advocates want is really a right to privacy. That the current systems do not have. A currency using a hardcoded hyper deflationary monetary policy and is barely able to make a fraction of the current rate of fiat transactions is hopefully not what they are actually after.
- curiousObject 3y agoThanks that’s a good answer. I don’t have time to respond, but I appreciate your thoughtful response.