Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
r0ach
on 09/03/2017, 20:14:47 UTC
which is also wrong because it being an ideal form of currency has already passed, thats how the market works

I dunno what you're smoking but that's not how the market works at all.  The market works by coercion and has nothing to do with what's better or not.  What's theoretically the best on a drawing board doesn't factor into anything.  And I also think you are making an extreme error calling bitcoin an ideal form of money, when I don't think it's really even decentralized in the first place, nor will it sufficiently scale, so the entire thing is probably just a Rube Goldberg machine that's pointless.  

How can you call such a thing "ideal money"?  It's ridiculous.  Current cryptocurrency does not compete against metals whatsoever, and there's a very large chance that it might be impossible for them to do so.  They will always be Rube Goldberg machines - the equivalent of show and tell science class projects scaled up from middle school to grown man level, but still just as equally not groundbreaking and pointless.