Blockchain isn't about democracy and decentralisation

Re:Blockchain isn't about democracy and decentralisation – i... by bsenftner on Monday October 15, 2018 @11:28AM (#18220485)

Have you ever heard of the term "commercial paper"? Look it up: it is any corporation with sound financials being able to "print money" - just using debt and financial instrument terms. But it's the same thing, and is available to any corporation with good credit.

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Re:Blockchain isn't about democracy and decentralisation – i... by f055 on Monday October 15, 2018 @11:35AM (#18220544)

Hmm, is it me or does the word "individual" mean something different than I think it means. Several commenters point me to various currencies that are operated by registered companies or government bodies. How is that related to what I am saying?

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Re:Blockchain isn't about democracy and decentralisation – i... by bsenftner on Tuesday October 16, 2018 @02:08PM (#18231664)

Any individual can be a corporation with a little paperwork and incorporation fees. Your statement "it's the first time in hundreds of years when an individual can print money and not be called a criminal" is not correct due the previous sentence being true.

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