Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Serious discussion
Re: Why we trust in cryptocurrencies? (or not?)
by
crypto_nd
on 30/05/2018, 10:45:31 UTC
Quote from: yoseph on May 28, 2018, 05:55:26 PM
Quote from: JungleBadman on May 28, 2018, 10:02:28 AM
Quote from: crypto_nd on May 27, 2018, 10:08:32 PM
Quote from: nick_bogdan on May 08, 2018, 02:56:45 PM

However, it seems like people trust each other more than it was  10 or 20 years ago.
people don't trust each other one bit, you only convince then and they find value in what you selling they will buy into it.
However people use blockchain because it is decentralized and taxe free.  

This... And the use of block chain basically removes the need to trust another person because in block chain, code is law and once another party initiates a transaction you don't need to trust them
The state system is being manipulated by the government in power at the end of the day. This means the government can just print any money that they want. But with Bitcoin there is transparency for everyone I like the banking system.
My dear, there is no point printing much money than necessary.
it will only cause liquidity and in turn cause inflation.
The government will be better off without printing unusual amount of cash. Wink  
Don't get me wrong.
Government manipulation is paramount or certain that's what they do best.