Well the technology needed for currency of that kind would have all kinds of effects. Before the federal reserve the United states did back the dollar with gold. Banks caused the great depression to centralize themselves and get rid of the weaker ones. Coin exchanges could easily do the same thing and create the same type of situation as we have with the federal reserve using their own currency. The fault is in the system that gives the rich power over the poor, not the banks themselves.
Systems that allow people to be greedy but not have power over one another have existed in the past. The problem is that they often do not form a military because they do not want or need them. Some of these supported millions of people or more.
Well the technology needed for currency of that kind would have all kinds of effects. Before the federal reserve the United states did back the dollar with gold. Banks caused the great depression to centralize themselves and get rid of the weaker ones. Coin exchanges could easily do the same thing and create the same type of situation as we have with the federal reserve using their own currency. The fault is in the system that gives the rich power over the poor, not the banks themselves.
Its called greed. Am i right?
Systems that allow people to be greedy but not have power over one another have existed in the past. The problem is that they often do not form a military because they do not want or need them. Some of these supported millions of people or more.
https://theanarchistlibrary.org/library/peter-gelderloos-anarchy-works
this is a great article on it, you should read it