Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
r0ach
on 08/06/2017, 00:51:32 UTC
Without a force of consensus there is no convergence and you get defect-defect divergence.

The "force of consensus" = Schelling point = gold and silver, of which there are only two, not 700 different cryptocurrencies with horrible distribution of which there will never be convergence on anything.  Cryptocurrency not only has no Schelling point, it has a...REVERSE Schelling point because you're incentivized to break off from bitcoin, buy a bunch of lower priced coins, then try to pump it higher (like Sidhujag).  Nature, "god", whoever, created a very small amount of noble metals so it's not really possible to do this with real money.