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Thread: Bitcoin.....

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05-20-2021, 01:48 PM #11
Ben Rhimene

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Dec 2019

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3,412
Originally Posted by mathguy

The bottom line is really that you can't have a non-centralized, privatized, currency.

You need government endorsement & a controlled centralized banking authority that monitors interest rates, printing of new currency, recycling/destroying old currency, and so on....

Your post reminds me of all the stories of the Mark being burned for heat and similar hyperinflation tales during the Weimar Republic.

https://rarehistoricalphotos.com/ban...nflation-1923/

Too many HUGE conflicts of interest when it comes to the private sector controlling monetary policy!
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