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RE: Dtube Exclusive - BuzzSteem Ep. 37 [Is Steemit Really Decentralized?]
Yeah well that's why I don't think throwing our future into these few powerful people is necessarily the best idea ever! It's certainly not a future that I really want to see played out!
Throughout history it has been that way. It does not mean that this platform won't work for you, just do your own thing, but keep in mind that it could one day end. Same can happen with fiat; right now it's Venezuela, but many other Countries have had the same thing happen. I have 1 Million Peruvian Intis, worth less than toilet paper. The whole idea of a stable economy and currency only existed after WWII when everything had to be built from scratch. The great depression was really only fully cured by the mobilization for the war effort in 1941.
It's true that US fiat could crash, but then the whole world crashes with us. So there's that. That's why we bailed out the banks in 2008. We didn't want to crash the world economy because of our negligence. As it happened, we still messed things up pretty bad!