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however, all that happens already with the traditional government/banking/fiat based system don't make us start citing all the recessions, depressions, shenani
by mkramlich 13y ago
however, all that happens already with the traditional government/banking/fiat based system
don't make us start citing all the recessions, depressions, shenanigans, thefts, bubbles, Ponzi schemes, snake oil salesmen, gambling, front running, short selling, bankruptcies, inflations, deflations, monopolies, defaults, perpetual-inability-to-balance-a-budget, carry profiting, spying, overly-complex-taxes-riddled-with-loopholes, usury, special treatment, insider trading, counterfeiting, etc that have occurred, and, will likely continue to occur, in that economic system.
Bitcoin is not without risks. But at least it's run by engineers in a way and to a degree that can't be said about DC and Wall Street.
- lttlrck 13y ago"Bitcoin is not without risks. But at least it's run by engineers in a way and to a degree that can't be said about DC and Wall Street." You are comparing apples with oranges. Currency vs. Banking system.
- mkramlich 13y agoI think I'm comparing fruit to fruit. :-) Look closely at fiat currency and government-backed banking and you may see just how closely they are intertwined.