One of the main goals of central banks is to keep inflation under control. Before they were introduced it was wildly fluctuating up to 20% a year.
Cryptos are wildly fluctuating up to 20% a day. Sometimes I prefer a stable currency.
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Also, you said "stable" again without answering my question. On what timescale are you considering? USD has been terrible on a long timescale as far as purchasing power goes. Bitcoin is the opposite. Many believe (as do I) that once the market cap of cryptocurrencies grow, the stability will come because it will be too big of a market to manipulate easily.
Have you considered the possibility the bankers themselves were attacking local bank currencies in order to bring about the First Bank of the United States or the Second Bank of the United States (both of which were fought bitterly against by the people who understood them)? There's a lot of history here to dig into. Many economists are beginning to agree the FED caused and prolonged the Great Depression, as an example.
I understand you have a narrative that makes sense to you. It's the same one that made sense to me for most of my life as well. Once I started doing more research on how we got here and the impact of central banking... well, I hope you can appreciate there are other narratives which, to me, are well supported.
I'm always open to entertaining new concepts without accepting them. I am amazed and concerned of the current leftwing attacks on history just because something is out of fashion. I really hope this mentality can be put back in its place with decentralization and less censorship.
Completely agreed. I hope you are familiar with the long history of people fighting centrally controlled banks and world reserve currencies all the way back to the founding of the United States. From my perspective, the current love for central banking is what doesn't fit the historical narrative and that's due (IMO) to a take-over of the education system (Prussian Model) which pushed a different economic theory which, since the financial crash of 2008, people are finally starting to question again.
The US federal reserve is only 100 yrs old. Most other countries are much younger they were put in 30 years ago to combat inflation. No one fought them at the time that I know of, its a new fad since people get drunk and end up watching weird videos of youtube on autoplay.
Luke is on the right track. Keep the info flowing! I would highly recommend that anyone purchase The Lost Science of Money here:
http://old.monetary.org/lostscienceofmoney.html
That looks quite interesting. Thanks!
As a central banker i've never bumped into any illuminatis or seen a war room. I'm more concerned with AI crypto code that cannot be shut down and watch out if someone gives them arms and legs.
Artificial intelligence is a valid concern. As is radically corrupt value/money distribution. I get a lot of flack from voluntaryists/anarchists when I start talking about how we may need a UBI powered by the blockchain. As a programmer, I've done a lot of thinking about the morality of AI as well.
It's possible ignorance is the source of fear here. When people don't understand cryptocurrency they fear it. They aren't familiar with it. Dollar bills they know, so they feel comfortable, even if 90%+ of the purchasing power of the dollar has been stollen from them over the last 100 years or so... they just smile and move right along with familiarity.
I've provided you with a lot of content from books, to videos, to infographics explaining my position. If my opinion is flawed, I'd love to see good critiques and alternative explanations.
I tried replying to your comment, but I see you deleted it. This is an example of why the blockchain is important. Here, history can't be removed or rewritten to support a different narrative. Anyway, here's my reply if interested:
That's a pretty shaky epistemology. So much of what we some call "truth" is opinion backed by evidence. If we don't critique each other's opinions, how will consensus on what is be reached? If we care about rationality and truth, I do think we should actively and consistently critique opinions, starting with our own.