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Very possibly. When I think about it, it's surprising that some form of virtual currency (it's interesting to actually think about what that term means) hasn't
by netsp 17y ago
Very possibly.
When I think about it, it's surprising that some form of virtual currency (it's interesting to actually think about what that term means) hasn't gained a stronger foothold. So many of the products we buy are virtual.
I think if you sat down and thought about it when something like paypal was young, you would have predicted a huge virtual currency world.
- stcredzero 17y agoChairman Mao once said, "Power comes from the end of a gun." There are a good number of groups who control millions of guys with guns. They use currencies as a tool to project their power and increase wealth. If you mess with that tool, they send intimidating messages. If pressed, they send the guys with the guns. These groups are called governments.
- nopassrecover 17y agoSee Max Weber's Legitimacy theory (government is about maintaining control of who can use physical force).
- netsp 17y agoI don't think that it has gotten to that point or near it very often. These guys with guns also use other things like media & information to project their power. There have been many confrontations between governments and emergent media. It has been a very obvious occurrence. Keeping it contained is a constant battle. It doesn't seem that virtual currency has a very strong urge to be.
- stcredzero 17y agoI don't think that it has gotten to that point or near it very often. This is what makes it more economical. other things like media & information to project their power Yes, but behind all that, there's guns.