[eric_cc]

> Bitcoin is the epitome of monopoly money

I see it as the polar opposite, backed by math. A politically controlled money supply with no immutable math-based proof of its release schedule is Monopoly money. Cuck bucks. Look at the 100 year buying power chart.

On your second point, in spirit I agree. You need a stable society to enjoy wealth so it’s in the ruling classes best interest to keep things under control. HOW to keep things under control is the real debate.

[htfu]

That's what makes it bad. A fixed algorithm that soon will spawn pittances would do an utterly miserable job if it ever gained status and usage as actual currency. Deflation is bad. So much worse than inflation. Not having flexibility in the money supply is lunacy. Mild inflation resulting in 100 year buying power going to fuck-all is good. It forces money to be invested, put to work. If sitting on your stash is its own investment the economy is screwed. Reduced circulation means less business means less value added and generally more friction. Why would you want that?

Crypto does some things well (illegal stuff, escaping currency controls/moving lots of money "with you") but in the end that also requires it is only just big enough for reasonable liquidity, but not so big it has an impact on the actual economy. For what it's being pushed for... it's a negative-sum game only good for taking people for a ride. It should stay in its goddamn lane.

[ben_w]

> A politically controlled money supply

All money is politically controlled, including Bitcoin (although it's debatable if Bitcoin even counts as money). The politics of Bitcoin are one-op-one-vote rather than one-man-one-vote, but it's still there, and it's still mutable if enough of them cast their votes in any given way.