Post
Topic
Board Economics
Re: One-world reserve currency inevitable and will enslave all nations?
by
TPTB_need_war
on 08/05/2015, 06:25:35 UTC
I thought about all these mechanisms before and I came to the conclusion there is no way to have  decentralized physical backing for a crypto-coin.

Inside the GEC economy, anyone may spend entire exacoins to themselves at anytime; however, to do so would be to make everyone quintillion-aires, for others would soon follow suit. (In other words, it is the reality of others "following suit" that, ultimately, regulates the inflation of the GEC economy.)

Sorry, individuals don't prioritize the effects of group action over their near-term individual gain.