- cross-posted to:
- buttcoin@awful.systems
- bwockchain@lemmy.ml
- cross-posted to:
- buttcoin@awful.systems
- bwockchain@lemmy.ml
cross-posted from: https://lemmy.ml/post/46379297
Source: r/buttcoin
cross-posted from: https://lemmy.ml/post/46379297
Source: r/buttcoin
I would prefer our monetary systems come with the flexibility that is present when managed by governments. Unless someone can create crypto that has consumer protections
Id rather it be global and not local government controlled. The consumer protection is immediate. The only way the consumer value drops of the value drops for the entire world, in which a chicken cost the same as a chicken did yesterday, because the trade for a chicken is the same to the universal value of a chicken at that location yesterday
Removed by mod
You are regurgitatating what the government wanted you to say without even reading what I said. I don’t want it to be crypto. I want it to not be owned by local governments. You’ve been taught to say all of that, and none of it is required. If a currency is accepted by people because they know they can use it, a local government has no say. If 340 million Americans started accepting penguin print as currency tomorrow, the government would try to ban it, call it only used for buying drugs, not actually backed by anything, doesn’t really exist, and everything you have heard about crypto… Because it takes power away from the government. But in reality they couldn’t do anything but accept that penguin print is a currency, because you can trade it for goods and services. And if 200 nations across the world do it… Then if a local government fails, the amount a chicken costs on penguin print, doesn’t fluctuate much