I completely agree with you. Currency is not difficult. Anyone can make it. Crypto solves nothing. It's police, courts, law, and military that are hard, and without them to back it, currency is worthless - so there there really can't be money without politics.
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Replying to @farre_x @cmuratori
Do you think goverments should ban or regulate it? How?
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Replying to @didicoronel @cmuratori
I think crypto aim to solve a problem that doesn't exist. There is nothing peer to peer about BC for instance. The economist I linked to, gives a far better example where P2P would actually provide benefit and it was wrt to Greece's financial crisis and if banks got shut down.
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I could find a clip about that, if you're interested.
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Replying to @farre_x @cmuratori
I understand you and Varoufakis think "crypto" holds no real value. I'd like to know what should a government do about it.
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A refutable statement asserting Bitcoin has no real value would be good too. I can think of a refutable statement about Bitcoin capability to hold valuie. "Most nation states own Bitcoin". Of course this is false up to this point, but I think this will be true eventually.
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Replying to @didicoronel @farre_x
I don't think it has no real value. Like anything, it has whatever value people believe it has. What I'm arguing is that it has no potential to decentralize. It will either fail (and we don't care) or it will succeed and be highly regulated, just like all other assets.
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Replying to @cmuratori @farre_x
Oh, cool. I'm not advocating for CC to be better than current system/s. Just that it deserves deep consideration. I can perfectly see how it may be the same or worst. But also I see how it might change some things.
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Would love to know what parameters you accept to measure decentralization. So we can actually compare real estate, gold reserves, usd reserves, and wealth in general to Bitcoin (and other projects).
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There is only one metric of decentralization, which is whether use of the currency is or is not subject to local law. It's actually a boolean :) At the outset, all currencies are decentralized in this way. Once they gain sufficient adoption, they lose it almost immediately.
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