Replying to Avatar Secretary Janet Yellen

Are you trying to say gold is a better option than #Bitcoin if we all can trust each other? We have tried for thousands of years. It didn't work.

I'm sorry but I'm not going to give up on decentralization because of some boomer who likes shiny rocks requiring trust.

Show me a better system that actually works, please.
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a source familiar with the matter 2y ago

Either we develop trustworthy systems in which case Bitcoin is not needed

Or we do not develop trustworthy systems in which case Bitcoin is insufficient

Gold did work for thousands of years. Why are you so confident of the success of fiat? A few decades is nothing in human history.

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Jeff Swann 2y ago

Bitcoin is the first monetary system that makes it possible to build contracts which balance risk & make all potential trade partners trustworthy.

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BitcoinSandy 2y ago

Tell that to Warren 😂

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Secretary Janet Yellen 2y ago

I'm not confident in fiat, I'm confident your "trust" system cannot be built without central authority.

#Bitcoin doesn't require either of them.

Gold worked for the Roman Empire too. Until it didn't.