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Re:Ethereum Isn't Fun Anymore by louwrentius on Monday February 22, 2021 @05:37PM (#26231626)
You are trying to solve a problem that is a feature. Printing money is a feature to keep our societies afloat during dark times.

It is one of the tools to keep a currency stable.

Not to say that there aren't serious problems in the fin-tech world, but immutable ledgers and rigid currencies aren't going to solve those.

The key problem - and your post is yet another example - is that you can't replace trust with an immutable ledger.

https://www.schneier.com/essays/archives/2019/02/theres_no_g...

The real problem - in my view - is that people don't understand the foundations of a society anymore, how to live together.

Re:Ethereum Isn't Fun Anymore by loceng on Tuesday February 23, 2021 @11:48AM (#26239485)
You're misunderstanding what I'm saying.

"... is that you can't replace trust with an immutable ledger."

"The real problem - in my view - is that people don't understand the foundations of a society anymore, how to live together."

I agree with you 100%. Also, I never said we should prevent printing money with blockchain - the purpose and value is so that if a nation does print money, they're open and honest about it. It would be their own democratic decision to do so, likewise in the blockchain system I envision - it would be that same democratic process, decision making, that they would want to join such a managed system that other trusted-democratic nations are part of - where they believe in the transparency of it all.

And I never even alluded to replacing trust with an immutable ledger, just that an immutable ledger becomes a witness that each nation would decide to be witnessed by by their peers.

All of my projects are health-wellness focused, in part to help people develop their self-awareness, to gain and maintain their health, and in part that is healing through community - building real community.