Central banks Vs cryptocurrencies => Anarchy??? or a transaction from Monetary dictatorship to Crypto democracy
In the last few month or so we can see the various Central Banks having a very defensive attitude towards the Bitcoin and the other cryptocurrencies, that is normal as the Bitcoin soon will create a big impact and Central Banks are about to lose a lot of business and importance - this is the historical moment that we are living in.
From one hand I am a bit happy that Central Banks will lose a bit of there power and will stop abusing the power that they have but from the other hand I don't forget that the Central Banks are important for the current function of every country and obviously I would not want Central Banks to fall down bringing the entire economy down with them.
If everybody will go tomorrow to the bank to cash out their savings it will be a disaster for all (remember Argentina)
A change is needed but it does not mean that the existing system should be destroyed from one day to the other - A change is needed and it better be gradual and not violent.
I am not an anarchist - some people say they are but it is because they don't appreciate what the governments are giving them.
just imagine, in a state of Anarchy - what will stop a group of armed man to come to your house and take everything you own?
everyone would need to have a small military to defend their belongings - it would be like the middle ages.
So, I would say that even though we all feel that Central Banks were robing us abusing their power for many years - the solution will not be destroying Central Banks and hoping that the system would fall down but a gradual transaction from the dictatorship of the Central Banks Monetary regime to the Crypto democracy.
Please let me know what you think.
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The central bank is not necessary for democracy. In fact, giving them free reign to destroy true price discovery is a method of theft and selective distribution of wealth. By selectively distributing that wealth they are able to keep their oil cartels and war profiteers in profit. Not to mention the unconstitutional nature of the fiat dollar. Anarchy is the peace movement.
I agree with you that the central banks did and still doing horrible things and when i say central banks i mean also the governments that are controlling them or /and the other way around. but the governments are also providing you all the services that people in Syria or Iraq don't have (infrastructures education hospitals security) of course, on the way they steal a lot of money and redistribute it to their "friends" but still if you live in a western country like the US or Europe the government is providing you a lot of goods and services that without them you will find yourself in a much worse status.
I also agree that things must be changed, but, before dismissing the old system a new system has to be created, otherwise - armed man will be able to come over to your house and take everything that you own and no one will stop them. ...and believe me, man like this exist.
Anarchy is a peace movement for peace loving people - but not all people are peace loving
We blew the crap out of Syria and Iraq. They had schools and hospitals. WE BLEW THEM UP!???? Anarchy is a system of consensus based GOVERNANCE without centralized GOVERNMENT. Centralized government always leads to CORRUPTION. It's not about left or right. It's about limiting access to corruption. Bitcoin itself is based on this premise.
Maybe i don't understand a lot about Anarchy, but yes :
a system of consensus based GOVERNANCE without centralized GOVERNMENT
is exactly what i mean for an alternative system that will substitute the current corrupted governments that we have ( ..I am Italian, and being one I know how corrupted the system can get )
That's the ideal. But there is no utopia. We live in the real world. Thanks for the post :0)
Thank you for the chat
:)
Very good post!
Thanks bro
nice one