Post
Topic
Board Economics
Re: Would the failure of Bitcoin lead you to reconsider your assumptions?
by
archangel689
on 09/06/2011, 19:02:57 UTC
I'm going to go out on a limb here and say that fiat currencies are not inheritly evil.


Rather the people who control the currency and inflate with reckless abandon without respect or concern for those who hold the currency that are evil. The rules have to be written in stone... or backed by gold.

And there is nothing I can think of that will provide something more stone-like than a extremely strong hashing algorithm.

So long as the rules are written in stone and cannot be changed, we are far safer.