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DrSunshine posted:So, uh, speaking as someone who majored in Earth Sciences and tried reallllllly hard to read the OP and the subsequent posts... if I understand it correctly, the OP describes basically a system where the money is on fire? And whenever you buy something with it, some of the pieces fall off and you get more flaming money? So the faster you play the game of hot-potato, the more flaming money you can make? To be fair, this is basically how the finance industry works.
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Mar 31, 2014 14:58
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fade5 posted:This, this, loving this. Even if a system is a marked improvement over what we have, trying to implement something new is essentially impossible. During the debt ceiling crisis (both of them Kinda explains why people are desperate to design something better.
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Mar 31, 2014 15:39
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) it was mentioned that the US financial system is pretty much running on 1970's coding and technology, with less than 200 people even knowing how it works or how to modify it. The system works that way because it was designed to be backwards comparable with loving punch cards, and any glitches caused by upgrading to a modern system would throw the world economy into chaos. That's something that needs an upgrade, and we still aren't going to do it until we absolutely have to.
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CommieGIR posted:True, but the problem is almost all of these groups doing so, do so with NO knowledge of how such a system actually works, and base it solely on how paper currency functions, with no respect to the intricate and complex system that backs it. I don't think I've seen a cryptocurrency based on the idea of how paper money functions, they're based on the shiny rock principle.
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Mar 31, 2014 16:18
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icantfindaname posted:It's because we already have a secure, stable, easily usable and robust currency, they're called Federal Reserve Notes. Who's 'we' yank?
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Mar 31, 2014 16:43
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SedanChair posted:You. Do you live on Earth? I use 5 currencies on a regular basis*, none of them a federal reserve notes. * 4 of which are pegged to the 5th.
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Mar 31, 2014 16:51
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Ocrassus posted:Riot points, wow gold, ISK and Steam Wallet funds don't count. I wouldn't go telling the Scots that their 3 currencies are equivalent to a Steam Wallet.
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Mar 31, 2014 17:06
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