Quote from: sbrys on Today at 06:33:27 PM

It is all true what you are saying but current monetary policy sometimes requires money printing so de facto creating inflation. This to fund some social investments governments are required to do to keep society afloat.

A good example are all stimulus given out during Corona. Probably also a big driver of the Bitcoin bull run.

If they just printed money in emergencies like this, it would be fine and justified. The real problem is that entire nation states are dependent on close to 0 interest rates and would go bankrupt if some normality would come back and higher rates came back. The complete reliance on printed money is dangerous in my opinion and requires central planning, which we know cant work in the long term.

Also its questionable that private institutions like banks have been given to power to basically create money out of nowhere, with fractional reserving and just 1% in minimum reserve requirements. In the beginning this concept might generate more economic growth, but what were seeing now is that the purchasing power of the population is lowering trough constant devaluation of money, and that in times where production is low, inflation creeps in too, the effects are catastrophic, we are going into a living cost crisis.

This system cant be fixed in itself anymore, that is the problem. It always requires more planning and policies, instead of being sustainable in itself.

Quote from: sbrys on Today at 06:33:27 PM

The point I want to make is you are right Bitcoin is superior but to me its hard to decouple it from full decentralization.

Bitcoin is just decentralized in itself, to ensure its properties will stay like it is and that it cant be controlled by a minority of people, for money this is huge.

I get your concern. I think full decentralization will fail in practice, it was here before centralization and got replaced for a reason. We need police, hospitals, firefighters, courts etc. Who will protect an average persons property? Who will build roads and infrastructure? Who will pick you up in an accident? Who will treat you when youre sick? Who will help you if youre out of a job? There is so many things Bitcoin cant solve, its just money. States formed for a reason, many people might be frustrated currently, but having no social security net is even more damaging. And lawlessness wont ever work or come back on a big scale. There just needs to be some checks on the state again and we need to push bad monetary policy and central planning a little back, only decentralized money can compete against states. The government will just have to compete against it, this is not a replacement question, this dynamic comes in handy more than ever now.

Quote from: darkangel11 on Today at 06:37:54 PM

These two things, in fact, work much better without the government.

Maybe my view is different here, because in the country i live you can get the same doctors and universities any rich person can afford, at barely any cost. There is no difference in the quality/ access of the service no matter if youre rich or poor. This might differ from country to country, but my concern is that when theres no real rules here, then poorer people might get priced out of healthcare and education, this is catastrophic for society. Getting a degree or going to a hospital shouldnt mean high debts like in the U.S.

Rich people can always afford better teachers and doctors privately, the state should offer the best quality schools and hospitals they can for everyone, this is the best case scenario for a society in my opinion. Rich people just use private insurances here to get out of public insurances, as it can save them some money, but then when theyre actually sick it becomes expensive and was pointless.