Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Texas bill to create a gold-backed digital currency
>
Reply to Thread
Message:
<p>[QUOTE="Cherd, post: 24497321, member: 24754"]Bartering, precious metals, other crypto-currencies, etc. In any case, assuming that the government doesn't force the usage, if there is not a ready made alternative then one will be created.</p><p><br /></p><p>So long as the population has some leeway in making decisions on this front (which I expect would remain the case in the US), then a system that is unacceptable to the majority will fail due to a destabilization of society. In short, unless forced through tyranny, a broken system will be fixed to a state that is tolerable. It won't by any means be perfect, but it will be functional, efficient, non-resource intensive, and convenient.</p><p><br /></p><p>It has always been the case that, under certain conditions, legal systems have had the authority to freeze or seize bank accounts. This is an aspect of our current system that could be leveraged for some pretty overbearing and tyrannical purposes. However, we all go about our lives utilizing banks anyway because these potential abuses do not occur at a level that concerns us. Why would we expect a fully digital system to be any different?[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 24497321, member: 24754"]Bartering, precious metals, other crypto-currencies, etc. In any case, assuming that the government doesn't force the usage, if there is not a ready made alternative then one will be created. So long as the population has some leeway in making decisions on this front (which I expect would remain the case in the US), then a system that is unacceptable to the majority will fail due to a destabilization of society. In short, unless forced through tyranny, a broken system will be fixed to a state that is tolerable. It won't by any means be perfect, but it will be functional, efficient, non-resource intensive, and convenient. It has always been the case that, under certain conditions, legal systems have had the authority to freeze or seize bank accounts. This is an aspect of our current system that could be leveraged for some pretty overbearing and tyrannical purposes. However, we all go about our lives utilizing banks anyway because these potential abuses do not occur at a level that concerns us. Why would we expect a fully digital system to be any different?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Texas bill to create a gold-backed digital currency
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...