this post was submitted on 20 May 2024
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That goes against the entire history of currencies. Every successful currency in history has been controlled by either the state or a religion (which was effectively state-like).
How come? Decentralized currencies were in place long before the dictators enforced their own private currencies on to all their subjects.
Uh huh... like when?
It does go against the history of currency. And most of that history tells us why it’s a good idea to democratize currency.
It’s also an impractical idea because most governments would not be happy about it.
How come?
Energy production companies would be happy no?
Shouldn't that make at least some govt. happy?
It’s because they can’t control it in order to adjust the economy.
No... that history tells us that currency only exists when there's a state / religion in control. There's no reason for currency without a state / religion. Not only would it not work, it's also unnecessary.