Reputable Stanford Macro Economist said to me:
"You still can't have effective money without a Central Bank, Regardless of what these people who believe in Bitcoin say".
What say you? #asknostr
Discussion
Effective money for who? It's certainly effective for those who control it because it allows them to treat the rest of us like their cattle.
I think they do not realize that we don't need their "central" money.
HFSP, FAFO You might want to get some just in case it catches on.
Effective is a subjective term. Central Bank money is 'effective' in manipulating markets to the will of the ruling class but ineffective in stabilizing and storing wealth for middle and working classes.