• pipi1234@lemmy.world
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    6 hours ago

    Money should be a store of value and medium of exchange.

    The issue with our current monetary system is it’s controlled by states.

    The only way out of this failed experiment is a money that cannot be controlled by anyone.

    • F_State@midwest.social
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      3 hours ago

      Money not controlled by anyone has historically been stores of value used in barter rather than money used for retail purchases as we understand it. Even precious metal coins.

    • CXORA@aussie.zone
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      5 hours ago

      You need to elaborate either on how money being controlled by states prevents it achieving the listed objectives, or how being uncontrolled by anyone would help it achieve those objectives.

      Otherwise your comment that is just 3 non sequiters.

      • porksnort@slrpnk.net
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        5 hours ago

        Crypto is at least three non sequiturs in a trenchcoat, so that tracks. Trench coats have large pockets in which they can place all of your fiat currency, which can be freely exchanged for goods and services.

    • LwL@lemmy.world
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      4 hours ago

      No, the problem is that having money leads to having more money and having more money also leads to having more power so every system just gets slowly worse for everyone except the rich