The difficulty with Liberland is that it has to start somewhere and prove itself and in the meantime it will be viewed with a crackpot/prepper type suspicion, perhaps rightly so in some cases.
If it could slowly build up a functioning economy and society where crypto can be used to trade with each other, creating clear contracts for win-win transactions between individuals while keeping out all the negative effects of fiat currency (government interference, growth of the public sector, inflation, ever increasing debt) that could set a pretty remarkable example.
Crypto can facilitate taking out a lot of unproductive middlemen. Those with vested interests who currently take a cut of every transaction for providing their service or platform. Bankers, lawyers, pension providers are the obvious ones, but also energy companies, taxi co’s or delivery companies. It’s a recipe for greater efficiency worldwide but it will take time and lots of real-world use cases to be trialled.
More efficiency and less government ‘help’ sounds like a much freer and eventually fairer society where everybody can just get on with their lives.
I’m not sure I see how this can avoid most of the current financial trappings though?. Crypto has no intrinsic value really – people will still need loans, seed capital , insurance , a functioning stock market, et al~ Crypto can provide better financial plumbing for sure. But it doesn’t replace the need for someone to provide lending (at risk) and the institutions to provide oversight
“Crypto has no intrinsic value really” Neither do fiat currencies so what is the difference. Really we should be using a gold (or maybe a broad commodity) backed currency.
“Crypto has no intrinsic value really” Neither do fiat currencies so what is the difference. Really we should be using a gold (or maybe a broad commodity) backed currency.
I’m not sure I see how this can avoid most of the current financial trappings though?. Crypto has no intrinsic value really – people will still need loans, seed capital , insurance , a functioning stock market, et al~ Crypto can provide better financial plumbing for sure. But it doesn’t replace the need for someone to provide lending (at risk) and the institutions to provide oversight
David M
1 year ago
The difficulty with Liberland is that it has to start somewhere and prove itself and in the meantime it will be viewed with a crackpot/prepper type suspicion, perhaps rightly so in some cases.
If it could slowly build up a functioning economy and society where crypto can be used to trade with each other, creating clear contracts for win-win transactions between individuals while keeping out all the negative effects of fiat currency (government interference, growth of the public sector, inflation, ever increasing debt) that could set a pretty remarkable example.
Crypto can facilitate taking out a lot of unproductive middlemen. Those with vested interests who currently take a cut of every transaction for providing their service or platform. Bankers, lawyers, pension providers are the obvious ones, but also energy companies, taxi co’s or delivery companies. It’s a recipe for greater efficiency worldwide but it will take time and lots of real-world use cases to be trialled.
More efficiency and less government ‘help’ sounds like a much freer and eventually fairer society where everybody can just get on with their lives.
Main Edition
US
FR
The difficulty with Liberland is that it has to start somewhere and prove itself and in the meantime it will be viewed with a crackpot/prepper type suspicion, perhaps rightly so in some cases.
If it could slowly build up a functioning economy and society where crypto can be used to trade with each other, creating clear contracts for win-win transactions between individuals while keeping out all the negative effects of fiat currency (government interference, growth of the public sector, inflation, ever increasing debt) that could set a pretty remarkable example.
Crypto can facilitate taking out a lot of unproductive middlemen. Those with vested interests who currently take a cut of every transaction for providing their service or platform. Bankers, lawyers, pension providers are the obvious ones, but also energy companies, taxi co’s or delivery companies. It’s a recipe for greater efficiency worldwide but it will take time and lots of real-world use cases to be trialled.
More efficiency and less government ‘help’ sounds like a much freer and eventually fairer society where everybody can just get on with their lives.
I’m not sure I see how this can avoid most of the current financial trappings though?. Crypto has no intrinsic value really – people will still need loans, seed capital , insurance , a functioning stock market, et al~ Crypto can provide better financial plumbing for sure. But it doesn’t replace the need for someone to provide lending (at risk) and the institutions to provide oversight
“Crypto has no intrinsic value really” Neither do fiat currencies so what is the difference. Really we should be using a gold (or maybe a broad commodity) backed currency.
“Crypto has no intrinsic value really” Neither do fiat currencies so what is the difference. Really we should be using a gold (or maybe a broad commodity) backed currency.
I’m not sure I see how this can avoid most of the current financial trappings though?. Crypto has no intrinsic value really – people will still need loans, seed capital , insurance , a functioning stock market, et al~ Crypto can provide better financial plumbing for sure. But it doesn’t replace the need for someone to provide lending (at risk) and the institutions to provide oversight
The difficulty with Liberland is that it has to start somewhere and prove itself and in the meantime it will be viewed with a crackpot/prepper type suspicion, perhaps rightly so in some cases.
If it could slowly build up a functioning economy and society where crypto can be used to trade with each other, creating clear contracts for win-win transactions between individuals while keeping out all the negative effects of fiat currency (government interference, growth of the public sector, inflation, ever increasing debt) that could set a pretty remarkable example.
Crypto can facilitate taking out a lot of unproductive middlemen. Those with vested interests who currently take a cut of every transaction for providing their service or platform. Bankers, lawyers, pension providers are the obvious ones, but also energy companies, taxi co’s or delivery companies. It’s a recipe for greater efficiency worldwide but it will take time and lots of real-world use cases to be trialled.
More efficiency and less government ‘help’ sounds like a much freer and eventually fairer society where everybody can just get on with their lives.