The main story of crypto currency is: "We have found a new way to print money and keep some of it". I wonder how much of the economy is like this.
The issue I wanted to point at is that while you are allowed to mine gold, you are generally not allowed to mint a currency from it. That’s the right of the kings. Bitcoin manages to subvert this somewhat, which is its main innovation
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I disagree. The main innovation is consensus without authority. The lack of authority means it can't be shut down externally by kings (and yes this is important), but it also means it can't be subtly corrupted *by anyone else.*
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I know this libertarian argument in support of crypto currencies. I just think that it is orthogonal to the reasons for adopting and using them.
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ah yes, sure. Though
@iang_fc tried flowers in his hippie days.
https://www.youtube.com/watch?v=U-hbxxLgpsQ … -
Lol… did I ever leave those hippie days?
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