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Yes because the average person has power over the central banks

Anyways it is sad being down-voted in technical forum by people who should better than most understand that bitcoin despite its faults is still a damned good online payment method especially when compared to existing alternatives.

It does everything the OP i replied to wants.

Anyways fuck this place, people use their votes as a way to not encourage conversation but as a punishment tool.



I get to vote on the people who appoint the fed chief every so often. There is no mechanism, even theoretical, to put that democratic power in the hands of the citizen user of bitcoin.

Edit: Wow you changed your comment a lot in the edit!


Good, bitcoin is not going to replace central banks, what it is a great online payment system not a replacement for world banking.

Some of us have no issues trusting cold hard maths, cryptography and computer science behind bitcoin which give so much certainty and such clearly defined rules for how the system works. As compared to some central bankers who have no issues with whole countries going down the drain (Greece) due to their policies which often change based on politics.

There sure as hell is no chance that trillions of bitcoins will suddenly appear out of thin air Fed style.




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