Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Keynes Plan
by
Poker Player
on 28/07/2021, 09:53:14 UTC
-snip

First of all, congratz for such a post. I would have merited you but I am out of merits atm and I've seen you have gotten quite a few merits already as mv1986 has reported this post to merit sources.

Fortunately, the Bancor you mentioned was designed for that specific purpose but Bitcoin was designed differently and it's meant to be decentralized and used by anyone.
I guess the government can try the Bancor experiment on new crypto/token or something, and make it voluntary. Bitcoin should remain decentralized, permissionless, trustless etc

I agree.

Yes, our current world is still full of cheat, and we live in a terrible monetary system. Our wealth is constantly being diluted.

Not really. I mean, there is cheating in our world, but it is as old as humanity. And as for the printing of coinage... the Romans already started by debasing gold and silver coins, and I doubt they were the first. It is true that with today's electronic money there is massive printing but again, the appetite of politicians for spending and wanting to finance it by printing (or debasing metal) is as old as mankind.

However, Bitcoin has given us hope. Before the birth of Bitcoin, we would not think about whether the existing monetary system was reasonable, we could only passively be exploited. However, when Bitcoin was born, it gave us a whole new choice. We can truly control our wealth through Bitcoin. Bitcoin has just been born for 12 years. Give it more time to grow. I believe that the future will eventually change.

I agree.