Governments, not individuals, create currencies.

[Sogo]

https://www.us.mensa.org/read/bulletin/features/governments-role-in-money-supply/

[Hekate]

1. That is my biggest objection to crypto. I want my accounts FDIC ensured.

[in2herbs]

8. Since 45's first term he's been trying to do away with the FDIC and make everyone's

bank accounts exposed to the greed of Wall Street investors. Crypto has nothing to do with this.

[Hekate]

9. Crypto is a shiny new technological enabling tool for the very thing Trump wants

[Voltaire2]

2. sure, but the crypto folks were motivated in part to demonstrate that this is not a necessary property of a 'currency'.

And historically this is simply not true. It is a feature of modern currencies.

[Sogo]

3. Well than, let's all just revert to a bartering system.

I've got a couple dozen fresh eggs; will you take that for an hour of your time to fix my broken gate?

[Voltaire2]

5. to be clear, I think crypto is bullshit

I just object to the statement that a currency has to be government controlled. It doesn't.

[stopdiggin]

4. not sure if an appeal to 'history'

does a great deal for arguing the validity of crypto ... While taking your point about 'government issue' not necessarily being a qualifier either.

[Voltaire2]

6. I am only arguing the assertion that it is an essential property.

crypto currencies have massive issues and are not particularly useful as 'currency' for exchange commodities, unless you are a criminal.

[stopdiggin]

7. I get it. And I think we are more or less on the same page

as far as this subject goes.

[Redleg]

10. "But fiat currency ...."

These greedheads like crypto because it doesn't have a regulatory regime outside of the blockchain.