BLOCKCHAIN DREAMS (from elsewhere) (It’d be interesting to talk about my positio

BLOCKCHAIN DREAMS

(from elsewhere)

(It’d be interesting to talk about my position of the future of blockchain, and multiple currencies, and the unlikelihood of any ‘libertarian’ vision that circumvents payment for transactions that finance the insurer of last resort for finance and trade. There is value in saving outside of the fiat currency – particularly in fractional shares of commodity money (gold/silver/platinum). But fiat currency will not go away. And the near impossibility of converting digital currency to real world goods, services, and information, is only going to get worse. So I view the current status of blockchain as the state refraining from interference in order to fund off-book research and development of more effective poly-fiat currencies. After all, the central problem the state faces is it needs to produce multiple fiat currencies that are tradeable for only subcategories of goods and services, and it needs to distribute them directly to individuals by bypassing the financial system, which serves as a distributor of fiat currencies unnecessarily. )

Here is the deal. Won’t happen. Even the openness of the internet is going to end shortly. so the cowboy days of the internet wild west are coming to a close. We’re just funding the government’s R&D on post hard currency direct from the treasury, bypassing the financial sector. And nothing more.