You don't like a government to have too much power, yet you have no problem with a company (those who would mine the gold - everybody's money) having too much?! What is the principle that
1. Those who would mine the gold don't have "everybody's money", they have money they have worked hard to produce, perhaps foregoing opportunities in other areas like microchip development or software, where the returns on investment could be far higher. Digging gold out of the earth is about as basic a method of generating wealth as agriculture. In a developed society, there are many more opportunities for wealth generation, and the most profitable have to do with ideas, not goods at all.
2. A company can't coerce others into not digging for gold
themselves, but governments can and do coercively
prevent people from freely owning and transporting gold.all forms of government. I just thought that DGCs were a better system (than fiat currency and banking) born to help people send money with extreme easiness anywhere in the world, money that can be trusted because it is backed by a universal commodity.
Yes, DGCs can be trusted because they are backed by real value, not smooth-talk designed to camouflage the act of robbing you of 10% of your assets every year, and to convince you that this annually compounded theft is actually good for you!
Just curious, no offense intended... did you learn your economics at a state-run school?
H
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