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RE: IRS Shows Ten Thousand Weak Hands
It's hard to guess how an abundance model like open source currency is going to have an effect on the world economy. It's all wild speculation.
Crypto is all about community. Is it possible a community emerges that's full of brainwashed slaves getting duped just like before? Yes. It's called Ripple, Libra, and all the other Big Bank coins that don't even exist yet.
However, the new system is bound to have more options than the previous.
I think we can all be fairly certain of this.
I don't think that's necessarily how it will happen. Just look at Steem. It was started on all these supposed hopes and dreams...and then it just goes to shit...and yet we can't get them to bloody fix it. It's not like there haven't been a ton of ideas on how to fix it...it's just the setup is benefiting those with the most Steem and they discuss all the changes in private and don't have a lot of open source help, still. So they have to all agree on something, then start coding it. I think the only way to perhaps fix it would be to form a group of coders, modify the code, then just push it out there and see if they'll adopt it into a HF.
America is to a point where almost anything would be better. Almost nothing good gets done anymore. Even a monarchy might be better, because then maybe we'd have a role of the dice to maybe get a really good king occasionally that really gets shit done. Of course, we'd still have occasional fuckheads, but we do already. Maybe the good ones could maybe get a bit more done, then it would be too hard to change things without risking the anger of the people. Instead we just get changes in either direction so it's just mediocre-ly terrible.