Topic: Comparison of currencies and trading schemes - page 2. (Read 2961 times)
You may want to add something about how divisible it is....
When discussing Bitcoin, I noticed that we have been brainwashed into believing that there can be only one currency. In my view, Bitcoin can help to free currency and trading from the hands of governments (depoliticization, in the spirit of division of power). In that vein, I try to explain that in a free world, there will be different currencies we can use, each have their own advantages and weaknesses, and we would choose accordingly in each situation.
In order to illustrate that and because I don't want to shove Bitcoin down people's throats praising only its advantages, I started to make an overview that compares strengths and weaknesses of currencies and trading schemes:
Any questions, suggestions, corrections, opinions, additions welcome.
Updates:
In order to illustrate that and because I don't want to shove Bitcoin down people's throats praising only its advantages, I started to make an overview that compares strengths and weaknesses of currencies and trading schemes:
Code:
Gold/ Minutos/
Silver/ Cash PayPal Local
Shiny metals (eg US$) and similar LETS Ripple DIY-IOUs Bitcoin
Perceived precious "material" value ++ -- -- -- -- -- --
"Tangible" ++ ++ -- O -- ++ --
Stable value/fairness (no speculation) O O O ++ ++ ++ --
Not largely held by today's elites -- -- -- ++ ++ ++ ++
No need for a social net of trust ++ ++ ++ -- -- -- ++
No need to trust in governments ++ -- -- ++ ++ ++ ++
Potentially pseudonymous/anonymous ++ ++ -- -- O -- ++
Decentralized issuance O -- -- ++ ++ ++ ++
Environmentally friendly extraction -- -- O ++ ++ ++ -
Decentralized transactions management ++ ++ -- O ++ ++ ++
Instant world-wide (digital) transfer -- -- + -- ++ -- ++
Today's ubiquity ++ ++ ++ -- -- -- --
++ = very good
O = neutral / does not apply / depends
-- = very poor
Any questions, suggestions, corrections, opinions, additions welcome.
Updates:
- Added: Not backed by "trusting government"
- Added: Free from control of today's elite
- Improved some wording
- Added: Environmentally friendly extraction
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