Interesting posture about crypto currencies value. I do think the crypto verse is the second player in global economy, still, even if we crypto enthusiasts disapprove that. So yeah, interest rates of fiat currency affect, the psychology and emotions of the market, and economic perspective in general.
I additionally add some questions to encourage discussion.
"so everyone has an equal chance and no corrupt government or rich person can meddle". Not so fast, there is a difference between Proof Of Work (PoW) and Proof Of Stake (PoS), where the later in fact rewards more, indirectly, to whom has more worth of bitcoins.
"decentralized and liberating currency comes. What about the governments issuing their own crypto-national-currency for monetary control and tax purposes?
Fedcoin: The U.S. Will Issue E-Currency That You Will Use
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Firstly, great article and I stand corrected. Makes sense. Thanks
Secondly, that is a very interesting take and to be honest I never really paid attention to the fact that the US Fed would issue its own currency. I counter with this comment and question: Should the Fed issue its own currency, I would (maybe naïvely) assume you could exchange that premined token for any other thereby acquiring ones liberation once again. If the Fed does not outlaw the trade of gvt tokens freely, would this devalue or add value to the gvt token?
Thanks for sharing your input and taking the time to read through my post.