Whims of governments? Nations are organized around governments for the sake of security, stability & prosperity. The Rule of Law requires a government. Many things are at the whims of governments for a reason. We want monetary policy at the whims of governments.
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Replying to @Crypto_Macro @MustStopMurad and
You call taxation theft. Hence you very likely are against governments in general. If so, your position is extreme and not reconcilable with that of the majority of people. Consider moving to DRC, see how you like living in a place where the Rule of Law is not enforced.
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Replying to @Crypto_Macro @MustStopMurad and
BTW rigid monetary systems, such as the gold standard and USD pegs, when in place in anything but tiniest of countries, are bad for growth and usually end in disaster. Bitcoin as national currency, with its fixed monetary supply, would be disastrous for most countries.
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Once again, LOL. Can't discuss with fanatics, just laugh. The Fed is independent from government and has no elected politicians, remember? BTW creating cryptos is easier than creating USD. I objectively analyze both sides of every coin. You are an extremist.
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Fiat currencies are forced upon you via “legal tender laws” and “tax levies”. This is a form of coercion and violence. Before CCs, you had no alternative. Now CCs are offering an alternative.
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Replying to @MustStopMurad @Crypto_Macro and
Since Ancient Babylon, to USSR, to E-Gold in the USA in the 1990s, people who tried creating private currencies and compete with Government-assigned “legal tenders” / Government’s control of monetary supply, were persecuted, tortured, put in prison.
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Wrong. Research "Free Banking" in the US. Wikipedia is your friend.
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A good that becomes “money” needs to be decided by the free market after competition among numerous “goods” for that title, and nothing else. Wealth will concentrate among those who have picked “correctly”. And the “best” natural form of money will emerge organically.
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The price of money is decided by the markets every second, 24/7, its price is not set by central banks, only influenced by them. You would do well in researching more about how monetary policy works. Can start here: http://www.amazon.com/Secrets-Temple-Federal-Reserve-Country/dp/0671675567 … GL
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I never said that Price of USD isn’t decided by the market. I said that USD needs fundamentally different, non-fiat competitors and alternatives, and now we have them. Fiat currencies will inevitably collapse.
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