| > But at least it would be up to a community of users, rather than government decree. I doubt any of the crypto communities would decide to have ~10% long term inflation like USD. Voting which is heavily centralized to a few massive owners is not a significant improvement on The Fed, I'm sorry, that's just ridiculous. > Also a fair point against Bitcoin, but I think the future is PoS. PoS has huge numbers of different problems, mainly that it is a system designed around plutocracy. > I'm just saying that crypto privacy can be as good as cash. And I'm saying that if the crypto currencies that actually allowed for cash-like privacy levels (ie anonymous transactions etc.) actually reached any level of scale FINRA would immediately shut them down. Anonymous transactions are not a technical feat, they are a political one. Again, the guys with guns already decided we don't get anonymous transactions so just writing the code for it isn't going to change things. > I doubt low-inflation currencies would actually change spending/hoarding behavior significantly. People who want to hoard wealth can do so already, with gold, land, TIPS, etc. Right, and the thing those things have in common is that they are "Not Currencies." |