"You can't leave the governemt out of monetary policy"

[slaveforanunnak1]

Dis fuck. Yes we can!

"the fed, central bank, is always going to be in the business of managing monetary policy. If you think you can avoid that, um, you are living in the world as it was 150 years ago "

Are you sure about that Paul?

https://www.youtube.com/watch?feature=player_embedded&v=-aVpaUMK2oA





 

[franky1]

governments can do what they want with their money. after all its their copyright..

bitcoin however is not a government product and they do not even own the mechanisms to make or control it..

[Flashman]

Yup, they can take their balls, and go home, and play with their balls in private.

[aztecminer]

Dis fuck. Yes we can!

"the fed, central bank, is always going to be in the business of managing monetary policy. If you think you can avoid that, um, you are living in the world as it was 150 years ago "

Are you sure about that Paul?

https://www.youtube.com/watch?feature=player_embedded&v=-aVpaUMK2oA





 

one day in the future they will look back on 'interest to infinity' as a form of debt slavery by primitives.

[leopard2]

we don't need no monetary policy, just some oversight that the label does not lie, just like the govt does not sell food but makes sure the label on food packaging is correct!

anyone could issue anything as a monetary unit, it is called private money or free coinage; banks, companies, individuals, everyone could create their own money and offer it to the public (this could be cryptocurrencies, foreign currencies, metals, grains or just plain fiat notes)

mines would offer metals, naturally, oil companies petroleum product covered notes, farmer might offer a currency backed by grains (like Germany did after WW1) et cetera. paradise. no more fiat slavery, no more cheating and no more big government.

governments only job would be oversight

e.g. if silver coins from Walmart say 1 oz, they must contain 1 oz

then the Fed would just be one out of hundreds of money issuers!!! HAHAHA just joking, nobody would use their junk bills if they had a choice  

[countryfree]

Yes, you can.
This is what happens when a country doesn't have its own currency.

[UnunoctiumTesticles]

bitcoin however is not a government product and they do not even own the mechanisms to make or control it..

Nonsense. Don't listen this fool.

[Nrcewker]

It depends on which country the government is. if the red regime, huh 

[Ron~Popeil]

Getting government out of the money business would be ideal. Getting them out of most things would be even better.

[Vessko]

[botany]

Until Bitcoin constitutes a significant portion of the money supply, the government will continue to dictate monetary policy.
If Bitcoin becomes widespread and there are bitcoin banks, then again the government has the means to influence monetary policy. So you definitely can't wish away the government. 

[commandrix]

Until Bitcoin constitutes a significant portion of the money supply, the government will continue to dictate monetary policy.
If Bitcoin becomes widespread and there are bitcoin banks, then again the government has the means to influence monetary policy. So you definitely can't wish away the government. 

Nailed it on the head. I hear there are people who are working on a completely voluntary conflict resolution system that's kinda based on the Blockchain or something (I forget who) but the thing about "voluntary" is that you can ignore them and go to the federal courts anyhow. I think that's what a lot of Libertarians and anarchocapitalists ignore about the government. You can't wish it away and you can't just stick your head into the sand like an ostrich and ignore it. It's one of those cases where we need less talk and more action.

[Beliathon]

Historically speaking, confident authority figures forbidding the use of a new technology generally doesn't turn out very well for the authority.

[picolo]

governments can do what they want with their money. after all its their copyright..

bitcoin however is not a government product and they do not even own the mechanisms to make or control it..

Governments can be change if people understand that it's better for them not to give too much power to untrusted people.

[Meuh6879]

If you give the currency to bitcoin, i don't care who is the government.

rotshchild style.