- Apr 23, 2016
- Dash Address
No.Take the US dollar as an example, there is no doubt the top 1% own a large portion of the US money supply. But I'm sure you will also agree that the dollar is a fantastic medium of exchange all of the world.
I dont take the US dollas as an example.
And surely I do not agree that the dollar is a fantastic medium of exchange.
The dollar is a time-space assymetric coin.
It is a fiat money that inherited all the deficiencies of the gold standard.
If the future generations suddently turn smart, then they should ban both dollar and gold, and stick directly to a well designed (and fair for every generation) cryptocoin.