[pixie_]

History has shown us that relying 'prudence of a central banker' is a really bad idea. Eventually shit hits the fan and they go on a spree printing money. The huge advance crypto has brought us is a solution to this very problem.

[richmarr]

> History has shown us that relying 'prudence of a central banker' is a really bad idea

Sorry, no. History shows no such thing.

Just because $BAD_THING sometimes happens under $APPROACH doesn't mean that any other approach would necessarily be an improvement.

> The huge advance crypto has brought us is a solution to this very problem.

Poverty is a problem. Disease is a problem. Quantitative easing is a tool. If you believe that QE is bad, you're free to push for laws passed that take away that tool from central bankers... but you'll have a hard time because it's a very powerful tool for guiding economies.

You may believe that governments can't be trusted with that sort of thing, but Friedman-style laissez faire economics isn't the big success story that many seem to think. The US has become less regulated since Reagan's inauguration and in that time has lost it's position as the world's prime economic superpower to China, a managed economy much closer to the Keynesian model.

You watch how China reacts to BTC. It'll encourage adoption everywhere except within its own borders. Why do you think that might be?