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RE: Running Economies Off a Fixed Currency Supply Is a Terrible Idea, Here’s Why

in #money7 years ago

I agree with almost everything you're saying, but I think it misses t he whole point of cryptos... a rulerless system. We can run our economies peer-to-peer. And just because Bitcoin is deflationary, don't forget you have a lot of decimal places to go around. And after that, you have Litecoin and all the other myriad coins. I think that the greater lesson of cryptos. We don't need centralized anything. We can privately accomplish everything a government does, but with better success. A big corporation is nothing without us buying its products. Just like a Stadist system, it is valueless if people don't participate. Cryptos are our way to not participating in their system, but we have to think outside the box. You and I live most of our lives without interfacing or needing government for anything. We exchange ideas, services and products, without the intervention of governments. Cryptos make that possible on a global scale. It's a paradigm shift, and I hope future generations will take that to greater heights. Collaboration, not force, makes things better. Governments are nothing more than a monopoly of violence. Just try not paying your taxes, or disagreeing with the majority opinion. Democracy = 2 wolves and 1 sheep determining what to have for dinner!