You are viewing a single comment's thread from:
RE: A Self-Regulating Stable-Coin
This brings to mind all the old arguments about gold standard, hybridized gold standards, bi-metallism, etc. All the old economics arguments, wrapped in a thin veneer of new technology.
In a way, that's a good thing, because the old arguments are arguments worth having.
On the other hand, if crypto is just recreating/reviving all the old finance and economics arguments, is it actually revolutionary? Or is it just a less efficient path toward total technocracy?
At it's core, crypto is revolutionary because it's smart money. Smart money wants a better economy. Smart money wants more fairness. Smart money wants "good" citizens to own and spend it. Smart money wants a perfect system. We'll never actually get there but we will get much closer than ever before. Still, the road will be quite bumpy.