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ScottAdamsSays's profile
Scott Adams
Scott Adams
Scott Adams
Verified account
@ScottAdamsSays

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Scott AdamsVerified account

@ScottAdamsSays

My Micro Lesson (2-4 min. videos) on being more happier and more effective in life are on Locals: http://bit.ly/2Ygv2tf 

Pleasanton CA
youtube.com/c/realCoffeeWi…
Joined October 2014

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    1. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

      If the government created and issued a government-backed crypto currency to all citizens (or just low income people), and ordered all businesses that are able to accept it do so, explain in comments how that would play out? Good or bad? #cryptocurrency #coronavirus

      565 replies 116 retweets 698 likes
    2. Jason Andrews‏ @PersuasionRisng 20 Mar 2020
      Replying to @ScottAdamsSays

      1. I wrote this in 2013: "I believe that governments will eventually issue their own crypto-currencies with consumer protections, full tracking, and better controls... Fraud would be much harder. This in my opinion is the endgame of digital currencies."

      3 replies 0 retweets 3 likes
    3. Jason Andrews‏ @PersuasionRisng 20 Mar 2020
      Replying to @PersuasionRisng @ScottAdamsSays

      2. The major barrier is a government cryptocurrency would kill off the government's ability to inflate / deflate out of debt, because crypto currencies must have a finite supply.

      2 replies 0 retweets 3 likes
      Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020
      Replying to @PersuasionRisng

      Not in place of cash. It would be second thing on its own.

      8:43 AM - 20 Mar 2020
      • 3 Likes
      • Frenz Louie Lozano Jason Andrews
      3 replies 0 retweets 3 likes
        1. James‏ @timeimp 20 Mar 2020
          Replying to @ScottAdamsSays @PersuasionRisng

          The issue is identity. We have no way of doing it securely. Face recognition and touch recognition can all be duped.

          0 replies 0 retweets 0 likes
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        2. Jason Andrews‏ @PersuasionRisng 20 Mar 2020
          Replying to @ScottAdamsSays

          Hmmm... I suppose it would have to be convertible into dollars at a legal rate, like gold used to be, for that to work. And you'd have to somehow add in consumer protections, which would make it not anonymous, but you'd be able to track the money and get lots of economic data.

          1 reply 0 retweets 1 like
        3. Jason Andrews‏ @PersuasionRisng 20 Mar 2020
          Replying to @PersuasionRisng @ScottAdamsSays

          Fraud would probably drop tremendously (at least using that CC) due to tracking. If it were legally convertible, the country could still inflate away debts denominated in it by printing more dollars.

          1 reply 0 retweets 0 likes
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