RE: The Failure of Fiat Currency
While I think cryptocurrency does solve some very real problems; high transaction fees, cross border payments, etc. I'm not really sure it could cut governments out of the picture all together, there's just too much power on their side and the vast majority of individuals are going to obey the government, who will undoubtedly regulate crypto. Even if they did not, would pure capitalism really be the best course of action? If I look at the US healthcare problem, I would trace some of the price skyrockets to the fact the fact that many health insurance companies were allowed to become for profit entities and as such focused on profits over controlling prices for consumers. Curious if you would argue for complete government non-intervention when it comes to crypto and the economic vehicle that comes with it?
We need a balance. Capitalism without government leads to a super rich ruling glass, the death of the free market, and the end to personal liberties. Government without capitalism cannot fund all of the needs of society.
I'd most definitely agree with the comment. There is a middle ground that needs to be achieved, that middle ground should definitely lean towards the free market in most areas though.
you bring forth some interesting questions. There is indeed a dichotomy of sorts between government(public) and corporate(private).
Establishing a harmony is the challenge...In some ways I think this is the focal point...and heart creating an amicable world.
Cryptocurrency to me is basically a tool ...and a catalyst to stimulate the discussion on these matters.
Thanks for sharing perspective here
Agree with you 100%. Thanks for the discussion!