Thinking of going: Bitcoin 2014

[Peter Korsten]

Jay Vaughan schreef op 8-3-2014 11:44:

> All money is �fake money�.  Bitcoin is a currency without centralized control.

The problem is, though, that for some people –you included– not having 
centralised control is a Good Thing. And you're willing to overlook, or 
ignore, the obvious advantages that centralised control brings with it.

Face it: if centralised control didn't work, it'd disappear. That's 
simply evolution at work. Perhaps it needs a catalyst, like the collapse 
of the ancien régime in France just before the revolution, or WW1 to get 
rid of autocratic empires (at least for a while) in the rest of Europe. 
But if a large enough portion of the population gets fed up of 
something, it will go, one way or another.

If a large enough portion of the population gets fed up with currency 
with centralised control (and guarantees, and deposit safety, etcetera), 
it will disappear and be replaced by something else. But I'm not 
counting on that, because state-controlled currency has far too many 
advantages over "new" currencies such as Bitcoin.

- Peter