Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption
The idea of 2 complementary currencies with a focused design is very interesting. One could be optimised as a pure transactional with a stable exchange, and the other as a deflationary store of value. And still have the benefits of a decentralised, near-anonymous and non seizable.
Let speculators speculate with bitcoins, and merchants deal with the other one. And let people choose a mix of both according to mood.
Let speculators speculate with bitcoins, and merchants deal with the other one. And let people choose a mix of both according to mood.
Yes, we need a silver to bitcoin's gold. But that one will not be litecoin, sorry
Another complement to the hard currency (blockchain bitcoin) economy, would be to reinstall real bills. <- It's a technical but fascinating read about the almost-forgotten aspect of the gold standard, without which the gold standard (of the post-WWI world) had no means to operate, and needed to be replaced with fiat standard in the 1930s.