0 sats \ 4 replies \ @faithandcredit 31 Jul 2022 \ on: For those who dislike Monero…why? bitcoin
The community seems a bit immature and not into austrian economics for lack of a better term. It seems to be an experiment "can we create privacy on-chain" and they can. This privacy probably won't be affordable for many people in the end tho. So what is the point? Genuinely curious
Austrian economics was great when it was invented….hundreds of years ago.
I’m sure someone more knowledgeable can chime in on why, but having privacy and anonymity in personal finance should be a right not a privilege. 🙃
reply
Austrian economics was great when it was invented….hundreds of years ago.
Austrian economics is just economics, those principles don't change over time. Keynesian economics is just a spinoff of the Austrian school with excuses to print money built in. MMT is a spinoff of Keynesian economics with even more excuses to print money built in. Those "schools" of economics are more favorable for people in power so that is what's taught in schools now.
reply
Austrian economics was great when it was invented….hundreds of years ago.
Whoa! The entire crypto is a project of Hayek basically. See his "Denationalization of Money".
reply
Monero hasn't solved the blockchain trilemma so ultimately it's privacy will be a privilege not a right. So why are you acting otherwise?
reply