So I think Bitcoin is a radical, interesting, and useful innovation in theory. In practice it is kind of a mess.
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@sarahjeong ...illicit trade under the state's radar, but for facilitating exchange in relocalized economies it sucks.
@KevinCarson1 But not for intrinsic, immutable reasons, which is why I remain interested in cryptocurrencies in general.
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@sarahjeong Yeah, I love the idea of anonymous encrypted currency. I'd just like to see it applied to something like Greco's accting system -
@KevinCarson1 There’s a lot of cool implications, it’s just in a quagmire of “DEFLATION GOOD” right now. -
@sarahjeong@KevinCarson1 They see the issue as quantity ("too much currency") rather than distribution. -
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@bpsycho1@sarahjeong What I like about Greco's system is money isn't an asset -- just a unit of account. So there is no "money supply"...
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