Post
Topic
Board Politics & Society
Re: Bitcoin: Revolution Or Trap?
by
CoinChex
on 05/02/2014, 15:18:29 UTC
Money should be used as a pricing mechanism for goods and services.  That's really the only purpose it should serve, it allows economies of scale to function by creating a single fungible unit of exchange that has value to anyone who receives of sends it.

The concepts of M1 money supply, quantitative easing, controlling interest rates, are all functions of big government and politics.  The adoption of BTC is a complete shift from these policies, I am surprised all the time that government has not intervened quicker.