Quote from: BlackHatCoiner on Today at 08:44:07 AM

Quote from: Antithesis on Today at 08:17:46 AM

We are talking about business here, not social oppression and conspiracy theories.

Actually, the entire banking system, the way it currently works, is a conspiracy to humanity. It's not a business when one entity decides how's money gonna work. That's reign. Prior 1971, the gold standard was followed and every bank was following specific rules such as one note corresponded to a fixed amount of gold etc.

But, at the moment, this is really not the case. The government appears to have exceedingly much power to the economy of the society. The output of employment and inflation is down to their hands. When the state is inextricably linked with money, then the economy follows their behavior.

This is when some free market minds awoke.

That's pretty naive way of looking at things. It's not fiat monetary system that is a problem, but government. Government is the problem. It has monopoly on coercion. The corrupt government can destroy everything. In communism people were coercing out of their lost ownership on mere government fiat. Government can do whatever they want.

But, you cannot solve this problem with monopoly money like bitcoin. Botcoin is just holding numbers and owning nothing. A modern ponzi like redistribution scheme. If you own nothing, there's nothing to be destroyed or taken away from you. If today the whole bitcoin system is shut down, nobody's ownership would be lost. Because by holding bitcoin you have the ownership of nothing.

The only way to solve the problem is by keeping the government small and in check.