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[–][deleted] 11 insightful - 2 fun11 insightful - 1 fun12 insightful - 2 fun -  (2 children)

Yeah. You're right and not alone. The book-money system is a giant clusterfuck for all sheep. I touched this problem several times, but it seems very hard to break, because to me it seems like you need control over a lot of natural resources to build a new money system, that can grow naturally without the small snakes sitting on their mountains of FIAT-money taking control of it. If you want anonymity in it, you need negative interest in a timely sense, i believe. But i'll never forgive google for all the shit they're trying to pull off and pulled off. They divided the internet in two communities, by building a big wall. Or maybe you need a lot of real estate, where people can move into, so you can shield your smart money and smart contracts for a long enough time period , so they cannot break your blockchain or take control of it by more buying more current. I thought about this a lot recently. Maybe the money system is the key to hurt Alphabet. Or the Chinese pull out a bunny of their hat on their own to break the dollar supremacy. This could help alot.

[–]Double_A 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

The problem is not that it's not backed by something physical... The money system we have now is more or less backed by peoples debt and thus the trust in their future work power. That's not necessarily bad if it's done within reasonable limits and society is generally stable.

The problem or advantage (depending on how you look at it) is that the government can freely control in- and deflation.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

You are right. And we arrived at P is equal or more or less then NP in a set-sense again.