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To: Another Post-American

Digital Currency: So the World’s Elite can inflate the money supply indefinitely (seigniorage) to rebuild Babylon.


8 posted on 11/11/2015 1:58:29 PM PST by Jan_Sobieski (Sanctification)
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To: Jan_Sobieski
Digital Currency: So the Worlds Elite can inflate the money supply indefinitely (seigniorage) to rebuild Babylon.

Yeah, that's why he invented it. Can't get anything past you.

16 posted on 11/11/2015 2:37:52 PM PST by Larry Lucido
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To: Jan_Sobieski
Digital Currency: So the World’s Elite can inflate the money supply indefinitely (seigniorage) to rebuild Babylon.

They can do that just fine with fiat. The way to prevent it is for the market to dismiss their mechanizations by choosing to transact with scarce resources that are not under their control. Gold is one example, bitcoin another. So long as they don't control the miners they cannot alter the supply.

20 posted on 11/11/2015 2:49:07 PM PST by Another Post-American (Jesus died for your sins.)
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To: Jan_Sobieski
seigniorage

There are about three people here who know what this word means or even more importantly what it signifies.

23 posted on 11/11/2015 3:34:32 PM PST by AndyJackson
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