Re:Telegram quietly snuck its blockchain past regulators
by blevo on Tuesday October 01, 2019 @04:20PM
(#21130132)
concerning 'controlled by a non-democratic entity'
I'd say it's a step sideways.
The USD or any fiat currency is not controlled democratically or by a democratic entity either. When was the last time we heard of a vote before increasing the money supply of a nation's currency? If there is a vote, it is done by people who have not been democratically elected.
I'd say it's a step sideways.
The USD or any fiat currency is not controlled democratically or by a democratic entity either. When was the last time we heard of a vote before increasing the money supply of a nation's currency? If there is a vote, it is done by people who have not been democratically elected.