What if we entertain the idea that central banks collapse; what would be better in your view, fixed-supply Bitcoin or Private Central Banks issuing Stablecoins which compete against one another?
-
-
Aren't Central Banks already private entities?
1 reply 0 retweets 1 like -
some are. some aren’t. In any case, blockchains can allow anyone anywhere to start one
1 reply 0 retweets 0 likes -
Then don't we return to the original question of what currency or coins are stable in relation to?
2 replies 0 retweets 0 likes -
I simply doubt people will want state controlled fiat in a world of competing, unseizable, unstoppable, open-source, uninflatablr cryptocurrencies
2 replies 0 retweets 0 likes -
That thinking will send you insane at about the same time
@saifedean finishes counting his money from the suckers who bought his book1 reply 0 retweets 0 likes -
Replying to @jongulson @SoakerPatoshi and
why is this thinking insane? Can you provide concrete reasoning
1 reply 0 retweets 0 likes -
Replying to @MustStopMurad @SoakerPatoshi and
Going back to the point about stable coins, i asked what are they stable in relation to? A basket of commodities, food and rent? The basis of such an index is the basis of bitcoin. It's geopolitically diverse and apolitical. It can be the basis for stable, comparable money
1 reply 0 retweets 0 likes -
Replying to @jongulson @SoakerPatoshi and
Can you answer exactly why people wouldn’t just hold Bitcoin itself?
2 replies 0 retweets 0 likes -
Replying to @MustStopMurad @jongulson and
Why would they prefer one money over another if each hold the same value?
3 replies 0 retweets 0 likes
you don’t appreciate the censorship-resistance that cryptocurrencies enable
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.