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Exactly the opposite. Once you have a government you don't have the 'right to recall' and that govt sets the rate of inflation for the period it is in power. If
by kang 12y ago
Exactly the opposite. Once you have a government you don't have the 'right to recall' and that govt sets the rate of inflation for the period it is in power. If you are against it, in a true democracy you'd influence people to vote it. Then you wait for the election day and hope you've succeeded in persuading enough people and then you hope the govt actually does what it promised.
Whereas in cryptoeconomy, once you decide you don't like the terms of this currency, you get a new currency made for free(call me if no programmer would give you 10 minutes of their time) and then you go on persuading people. You don't wait for any day and people vote on the spot whether they'd use it or not and then you don't even care if the elected govt does what it promised.
Pure democracy. Current America (and India where I live) is oligarchy with the power lying with the elite few.
To get really extreme I'd go suicide in front of the Indian parliament tonight if it simply bans people with criminal backgrounds to participate in elections. Guess what, many people have and nothing changed. You can hold my this comment as a written promise.