Are Crypto Currencies just Geeks engaging in Quantitative Easing
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The real problem is we haven’t defined FTC based on real quantities like time to profit, effort, resources we use.
Not yet anyway.
I’ve been trying to hack around the fiat exit. That is, a way to reduce our use of fiat to dealing with inconveniences like bus fare and parking meters. If we can turn fiat into an afterthought, then any small act can take the place of fiat. Then we’ll be able to cash out in fiat or fiat points. This would act as a more fluid bridge to fiat which avoids the whole banking system.
