Post
Topic
Board Economics
Re: Blockchain = Powerful Tool for Keynesian Monetary Policy
by
cunicula
on 17/11/2012, 18:41:02 UTC
If a gang like that ever gains the power to do what you are suggesting, then users will abandon the currency and set up another one that isnt controlled by a gang of authoritarians.

Hence Bitcoin.

Sorry cunicula, but your seem to have turned up to a free-money-movement talking shop trying to talk about how effective it would be to try and turn it into a system that's just like the one the one we want rid of. People will vote with their feet if that came to pass, just like they are now with turning to Bitcoin.

My point: Bitcoin cannot succeed as a free-money movement. Full stop. If you think otherwise, you are deluding yourself.

If they haven't crushed you yet, it is because you are too insignificant to merit their attention.