Re:‘We’re a Cult’: Inside Bitcoin’s Shameless Hypefest
by mjburgess on Monday April 11, 2022 @09:26AM
(#30988329)
Sure, and how would that work with early-stakers?
They'd form a guild, much like a large bank, and control large parts of the currency. Now, taking crypto people at their word, they dont want the gov to regulate that. So what does this mean?
We have a tiny feudal guild with control over the economy.
A central bank, with an inflationary currency, heavily regulated by the gov is nothing like this group of wannabe feudal lords. By comparison, modern central banking is vastly more democratic, and ran for the benefit of soceity.
They'd form a guild, much like a large bank, and control large parts of the currency. Now, taking crypto people at their word, they dont want the gov to regulate that. So what does this mean?
We have a tiny feudal guild with control over the economy.
A central bank, with an inflationary currency, heavily regulated by the gov is nothing like this group of wannabe feudal lords. By comparison, modern central banking is vastly more democratic, and ran for the benefit of soceity.