…. I rank the importance of bitcoin-as-product above bitcoin-as-philosophy. And at the moment, bitcoin is not a great product. While bitcoin has many useful features, these are all overshadowed by the fact that its price is too damn volatile for it to be be taken seriously as an exchange medium. This volatility arises because bitcoin lacks a fundamental value, or anchor, a point that I've written about many times in the past. However, there is one way to fix the crypto volatility problem...
Enter Fedcoin….Moneyness
Fedcoin
JP Koning
1 comment:
Great idea. Give the central bank the ability to tax money itself and then you can go the whole hog and simply abolish Congress.
No need for those awkward legislators. Just leave it to the cabal of the elite. Because they've been so good at it in the past.
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