AnssiH Posted January 20, 2015 Author Report Share Posted January 20, 2015 Bitcoin is just another level of abstraction: making it even more difficult to be able to live independant of government and brainwashed office clerks. I realize you post mostly for past-time entertainment, but I'm still prompted to comment that, while Bitcoin is just another abstracted money system, it does have the unique feature that more cannot be created for political reasons. So when a farmer has the choice between physical cash or cryptocurrency, that choice is between; a. A currency that cannot be redeemed as anything, and whose total supply is adjustable by a third party b. A currency that cannot be redeemed as anything, but whose total supply is predictable and not adjustable by any single party Cryptocurrencies of course have not stabilized themselves in the marketplace at all, but if that can be reached, they can create their own little predictable economy whose value would persist while debt-based currencies keep steadily inflating. Cryptocurrency in itself is of course hilariously silly idea in that it is in fact nothing, it's just a game. But one only needs to remind themselves that, that is exactly what money is already anyway. Just like I can't survive by eating a powerpoint presentation, you can't survive by eating cash. -Anssi Quote Link to comment Share on other sites More sharing options...
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