My critique of Mark Carney's critique of central bank digital currency, or CBDC. He thinks the stuff will be dangerous, I think it could suffer from irrelevance: https://jpkoning.blogspot.ca/2018/04/critiquing-carney-critique-of-central.html …
No one is forcing anyone (like fiat does). You can participate or not out of your own free will! This is simply an alternative. You can stick to fiat, but history shows that Gold is superior to copper pieces. Similary Bitcoin is superior to previous forms.
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History doesn't show any such thing, except to those who want to believe it and are therefore prepared to ignore or discount large swathes of historical evidence to the contrary - as
@saifedean did. -
Why do you think fiat is better than Bitcoin?
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Right now, I think that the promise of Bitcoin is being seriously degraded by the goldbug irrationality and the cultic behaviour. If you really want Bitcoin to replace the current system, ditch the cranks.
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Since there is so few of us, we need it to be cult-like, overconfident and overzealous to get onlookers in. But I genuinely think that Bitcoin is mathematically superior money.
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You won't achieve mass adoption by behaving like a cult. You might make a few converts, but you'll put off everyone else. Don't fool yourself that those buying Bitcoin to make a few $$$ are converts. They are profiteers, not true believers.
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Many start off as profiteers, but as you learn more about the technology, you stay for it’s potential to create a world of self-sovereign individuals whose wealth cannot be arbitrarily debased by another human. I am 100% confident digital currency is the future of the world.
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You need to find the people who are Long-Term Greedy, as they're the people who have a vested interest in making everyone prosperous. If no-one has any money, then how can they buy your products...?
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they will have money because they will demand their employers pay them in Bitcoin.
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