It is very different thing. There will be a predefined rule of how thing is going to work not an arbitrary central bank who decide how much money to spend and which bank to bail out.
I am all for freedom and decentralization. But if a system want to survive it has to stay on an equilibrium, the system is flawed if there is a tendency toward a disequilibrium where all economic activities come to a halt as all nxt become dead money sitting there does nothing.
That is a feature of the system which needs to be thought about.
What Would Milton Do?Who says the system isn't in equilibrium?
Once we stick our fingers in the pie, it's game over. Who gets to play Bernanke, Lagarde, et al?
It is strange. I quoted Milton in my paper. I will leave the thought here for now. But I will definitely bring it up again when the voting system being implemented. This should be decided by the community.
Btw, when the minimum forging goes to 0.01 or 0.001, hoarding will have less impact to the system. We will see how it goes again in the future.
Not to deal in hyperbole here, but it feels like we're writing
The Wealth of Nations 2.0. As a community, which is very cool.
Congress moves to tax the internet... users migrate to NXT to avoid tax, retailers migrate to avoid interchange fees. Exciting stuff.
My fiancé thinks I'm a dork.