/liberty/ - Liberty

We can open an institution where you deposit gold and in exchange they give you a divisible certificate (even in digital form) that you can exchange with other people and that they can use to redeem gold from this same institution.

I don't know if something like this has ever been made, but I think it could provide a certain stability in the value exchanged, maybe even more than certificates for BTC and ETH (that need these divisible certificates because they're not fast enough to exchange).

>>97732

>GoFundMe

>Patreon

>Communist

Hardly. What are they sending to the recepient, labor vouchers? Kek.

>>97733

Anon may be onto something here, this is a radical idea but it just might work.

>>97926

The services may not be inherently communist in that they aren't state enforced nor state-controlled, but they are in the sense that a large quantity of commies use them. Further, even though all the transactions are voluntary, it can be argued there's a certain degree of cultural communism that goes with a service such as GoFundMe, as it encourages the gibs lifestyle.

Absolutely retarded

>>97733

Upma

>>97733

There's an excellent 200ish page book on how the government will raid your home even in a foreign country if you do just that and how others have tried something similar. I'll post it tonight if I can find the pdf.

I have never heard of a more ridiculous critique about using cryptocurrencies. It's code. It doesn't matter what it's mostly used for. Most drugs and criminal activities are exchanged with USD and yet nobody cares about that.

In fact when internet began being a thing, it was mostly used for porn and drugs. So people had a very similar perception that the people who use that new technology are criminals/weirdos.

Sending cash is illegal, slow and your money can be taken away at border control.

Crypto is the perfect money when people actually start using it and its value stabilizes.

>>98008

The issue is Crypto grows too big and then proceeds to collapse in on itself due to people treating it like a stock market instead of using it as currency.

>>98015

That's an issue that the market will solve given time. Since BTC and other crypto is used primarily as a store of value and investment tool rather than as a standard of exchange, there isn't a lot of market demand for it to be stable–while it has more than its share of problems, USD is still stable enough that people don't have any issue using it to clear short-term transactions. If and when USD, the euro, the yen, or some other major currency becomes less suitable as a currency due to instability or some other failing, there will be more market pressure on crypto speculators and arbitrageurs to provide a stable price, as people start using crypto as a currency and not just as a store of value.