Re:It’s not still the early days of blockchain
by codebolt on Tuesday January 18, 2022 @10:09AM
(#29980257)
Right-wing American libertarians in particular have this simplistic view that government control over anything is the root of all evil. Therefore the decentralized aspect of crypto must seem like a wet dream.
I believe the system where a semi-independent central bank has the ability to regulate the currency of the country is a good thing on the whole. It's the best balance of compromises we have seen actualized.
Having a fixed supply of digital coins seems more like a return to the old days where there was a fixed supply of gold and silver coinage. And that era was called the dark ages. A system with fractional reserve credit is much more conducive to economic growth and prosperity.
I believe the system where a semi-independent central bank has the ability to regulate the currency of the country is a good thing on the whole. It's the best balance of compromises we have seen actualized.
Having a fixed supply of digital coins seems more like a return to the old days where there was a fixed supply of gold and silver coinage. And that era was called the dark ages. A system with fractional reserve credit is much more conducive to economic growth and prosperity.