Problem is, centralized currencies and dictatorships tend to regress to mismanaged mean. Decentralized is much more stable.
Is it possible that: well-managed centralized currency > decentralized currency > mismanaged centralized currency?
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Which would imply that currencies will inevitably become decentralized, just like governments tend towards democratic. It's the equilibrium.
End of conversation
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Just like well-run dictatorship > democracy > poorly-run dictatorship.
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But that would explain the "Bitcoin is evil!" vs. "Remember the Weimar Republic!" rhetoric. Each focus on a diff. side of that inequality.
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@paulbaumgart currencies are fundamentally unmanageable. Markets are not tuneable machines, they're chaos systems with emergent behaviour.Thanks. Twitter will use this to make your timeline better. UndoUndo
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