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this post was submitted on 20 May 2024
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I actually considered a non-governmental, community regulated currency as a pretty good idea.
Problem is, crypto is too ecologically expensive and wasteful to fit the bill.
While there were some interesting ones, that actually used the processing power for something useful, most are not. So for now, I'll just go with governmental currencies.
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).
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.