4 ms·
> I'm personally of the mind that, as long as I trade with certificates that bear Caesar's face (or trade with proxies for such certificates, like a MasterCard)
by roenxi 2mo ago
> I'm personally of the mind that, as long as I trade with certificates that bear Caesar's face (or trade with proxies for such certificates, like a MasterCard), he gets to make the rules in exchange for my being able to lean on his legal system to protect my interests, so I find that the equitable access angle is nice.
It is a minor point I suppose, but this is the other way round. Because Caesar makes the rules you trade certificates that bear his face. It takes vigour and energy on the part of law enforcement to stop people from moving to private currencies.
- nrr 2mo agoI'm unsure that I agree. History has borne out a lot of evidence that people will jump to other means of paying for things in the face of the local currency collapsing, even in the face of amped up (but nonetheless impotent) enforcement.