Quote:
Originally Posted by jscott
The issuance of Bitcoin alone makes it a more fair & better, hard money than any fiat currency of the world since those are issued in unlimited amounts by central banks, authority.
Alts & Defi are not decentralized though, they can be manipulated much easier, unfortunately  |
There is no defense whatsoever for fiat currency of any kind. That's a given for this conversation.
But, to seriously believe that crypto currency and block chain tech will miraculously enjoy freedom from the disfiguring influence of the biggest global financial systems on the planet is cute.
One might understandably struggle with imagining exactly how this could happen with such a "perfect alternative", but that does not change its fate.
The power of "big money", backed by security and military infrastructures, has no palpable competition.
Every "feature" of an alternative system can, and will be, subverted - either overtly though repressive measures, or from within - by manipulating the rules of the "competing system".
I wish this was not the case, but the evidence is all around us.