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Crypto Currency isn't much better than Fiat C

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5/2/2019 7:29:49 AM
Posted: 11 months ago
Well, Ultimately.

Obviously its better. But only as far as it is new.

Being new means everyone has a 'fair' chance of getting their hands on it. On the other hand, The system is such that it is very difficult for someone to get their hands on extensive amounts of Fiat because of regualtions and whatnot.

However, The main arguement against FC is the unlimited printing issue.

But i do not think that CC is much better.

See, Even if there is a set, Unchangeable amount of Bitcoin, Which i do not believe as it is not backed by something physical like minerals, It can still be worked to the same effect.

How so?

In the same way it is being shared currently: division.

It can be divided endlessly. Of course it loses its value, But this is the same as FC losing its value everytime more is printed.

Additionally, Who decides this value anyway? What guarantees are there that that process can't be corrupted?

Discuss away

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