undefined | Better HN

0 pointsduped4y ago0 comments

Which often aligns with the people that elect them. Central banking fixes serious flaws in money systems, and provides levers to mitigate disasters caused by external forces.

Compare it to a boat. Central banking gives you the ability to steer, sure someone might be bad at it and lead you into dangerous waters. But decentralized currency is like shooting the helmsman and ripping out the rudder because someone did a bad job of it once.

0 comments

TimJRobinson4y ago

Decentralized currency is the lifeboat if the captain goes mad and decides to steer into iceberg territory. It's harder to steer, but better than sinking in freezing waters (hyperinflation).

j / k navigate · click thread line to collapse

0 pointsduped4y ago0 comments

Which often aligns with the people that elect them. Central banking fixes serious flaws in money systems, and provides levers to mitigate disasters caused by external forces.

0 comments

TimJRobinson4y ago

Decentralized currency is the lifeboat if the captain goes mad and decides to steer into iceberg territory. It's harder to steer, but better than sinking in freezing waters (hyperinflation).

j / k navigate · click thread line to collapse