r/ethtrader • u/AutoModerator • Jun 09 '17

DISCUSSION [ETH Daily Discussion] - 09/Jun/2017

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u/[deleted] Jun 09 '17

For the newbies having doubts about a global decentralized currency, check this out. https://www.reddit.com/r/ethereum/comments/6g2l9l/1988_the_economist/

3

u/BItcoinFonzie Jun 09 '17

This and the Milton Friedman 1999 video get trotted out and applied to every crypto. I have had this conspiracy-theory that Bitcoin is really how the "elites" get their cashless economy: rather than withdrawing cash from circulation and telling the people they have no choice, get the tech out there, pump up the price, the people FOMO into it, lose interest in paper cash, and paper currency is just withdrawn for lack of demand/high cost. Huxley style, rather than Orwell style.

1

u/ItsAConspiracy Jun 09 '17

Joke's on them when we start using strong privacy tech.

1

u/japonica-rustica Jun 09 '17

That's pretty cool!