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<p>[QUOTE="Cherd, post: 24490701, member: 24754"]I understand the programable aspects of cryptocurrencies, and that they can be used to impose limitations on funds. I just do not expect that this will become truly problematic at a societal scale. Just because it can happen, that doesn't mean that it will.</p><p><br /></p><p>When it comes to paradigm shifts in the way that we do things, there are always some potential downsides that we are correct to be concerned about (your concerns are warranted). These pitfalls are overcome by designing the system to account for them, which we've managed to pull off in every case in the past. Why should we assume that this one will be any different?</p><p><br /></p><p>If the system is truly problematic, then it will fail because people will opt for alternatives. The only way that this would not be the case is if our government became extremely authoritative and dictatorial. But, if that happens, then we have bigger things to worry about than currency.[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 24490701, member: 24754"]I understand the programable aspects of cryptocurrencies, and that they can be used to impose limitations on funds. I just do not expect that this will become truly problematic at a societal scale. Just because it can happen, that doesn't mean that it will. When it comes to paradigm shifts in the way that we do things, there are always some potential downsides that we are correct to be concerned about (your concerns are warranted). These pitfalls are overcome by designing the system to account for them, which we've managed to pull off in every case in the past. Why should we assume that this one will be any different? If the system is truly problematic, then it will fail because people will opt for alternatives. The only way that this would not be the case is if our government became extremely authoritative and dictatorial. But, if that happens, then we have bigger things to worry about than currency.[/QUOTE]
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