Quote from: proudhon on Today at 03:33:30 PM

Quote from: Hueristic on Today at 03:08:44 PM

Quote from: proudhon on Today at 03:01:45 PM

Quote from: Karartma1 on Today at 01:07:20 PM

Quote from: satoshi

The root problem with conventional currency is all the trust thats required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.

If people would understand this very simple mechanism I am sure there will be a massive FOMO.

The confirmed science and math that Satoshi didn't understand has to do with how poorly this system functions as a currency. We tried it for a few years. It doesn't work. It's only a bad speculative vehicle, which now people realize and have been dumping for 4 years. The project failed. Neat idea, but fractional reserve banking is clearly better based on all proven and confirmed science and math. I'm glad Satoshi tried this out, but now we know it doesn't work and we can go back to the way things are proven to work best.

Oh man this one just killed me!

Way to put that effort in! Cheesy

Thank you. I've put a lot of time into my science and math research to confirm my statements as proven true. I've even been cited in international news for my analysis.

Made me laugh out loud in Positano Italy, thx @proudhon