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David M
David M
7 months 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.

Liam F
Liam F
7 months ago
Reply to  David M

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

Rob N
Rob N
7 months ago
Reply to  Liam F

“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.

Rob N
Rob N
7 months ago
Reply to  Liam F

“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.

Liam F
Liam F
7 months ago
Reply to  David M

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
David M
7 months 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.