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This is no different than gold coins. And it doesn't matter what "people are used to", they will still see value in it eventually, just like they did for thous
by jafaku 13y ago
This is no different than gold coins.
And it doesn't matter what "people are used to", they will still see value in it eventually, just like they did for thousands of years before the central banks took over and started messing everything up, including our education. No wonder nobody understands that just a few centuries ago, private money was already a thing.
- acjohnson55 13y agoNot everyone has such glowing memories of private money: http://en.wikipedia.org/wiki/Company_scrip http://en.wikipedia.org/wiki/Company_scrip
- jafaku 13y agoPrivate money is obviously not the problem in those cases. It's like saying "Not everyone has such glowing memories of gold", and you link an article that talks about inhumane working conditions in gold mines.
- acjohnson55 13y agoYeah...well...now that you mention it, that is a major downside of having gold play a crucial role in the world economy.
- dogecoinbase 13y agoSo what, specifically, will prevent whatever you think happened re central banks from happening again in this case?
- jafaku 13y agoRead the Bitcoin FAQ to learn a bit of what it is and how it works and why it can't be stopped. From your username I deduce that you haven't done so yet. Also, it's not what "I think happened", just history. That snarky tone was unnecessary from your part, especially when you don't understand the topic.
- dogecoinbase 13y agoHeh, I understand a bit more about BTC than you think... And you didn't answer my question, perhaps because you do not understand what happened that resulted in the previous shift from a currency base of fundamentally finite supply to fiat currency. I suggest you read up on it.