Does not ,does not ,again I repeat does not have the power of fiat!
Nor has there ever been a freemarket.
Money did not evovle out of barter. Monetarist are bold faced liers. This whole thing amounts to pooling money with your buddies friends and family. Private debt instruments are a whole diffrent ball game. Does steamit have the power to enforce tax? How many people or large of an area can it impose it on? No one is putting there life saving in this. They park there money in U.s treasury notes. That includes the corporate sector parasites and venture capital. I'm not even goin to dive into the enviromental costs of people trying to game crypto globally. Only people who need a record of transaction outside of the norm are amongst gun peddlars and child molesters. This will never over throw the U.s goverment or any other for that matter. You may loose your shirt if it goes the way of myspace. Gold bugs are playing you agianst each other. I love the idea just as much as you . It's future applications will be a record for the bankster you claim to decry. Maybe a small win for the little guy with applications like medical records. Allowing physicians and A.I to see pertanant information like age sex wheight,pulse ect. Without all the personal information hopefully not looking good from where I'm sitting. "If there was not a part of me that believed in the cause I would not be here". "That being said we can not deny history or reality". Neoclassical economics are a farce at best. There is no true price or equilibrium. The soviegne central gov is the price setter. In America's case the united states congress. Inflation is caused by real resource shortages or labour. The amount of money in circulation has zero bearing. The safest debt instrument in the world is you guessed it fed and treasury bonds. Get payed intrest for doin nothing. "hint all money is debt". The blue pages was so good. Then you guys had to go on tirate of Ideaological lies and Fantasies. "Please steemit community set me straight or call out this nonsence the way you did the new terms of service"?