Quote Originally Posted by Xmac View Post
We have a currency system that is designed to create levels of scarcity that encourages the individual to think only about their own well being. It works well. As kib so eloquently pointed out there are many problems the state issued fiat system creates that are not immediately visible to individuals who don't look. It's also designed to fail and that failure is close.

Countries are beginning to hoard gold, BRICS are moving away from the U.S. dollar, China has taken action to help Russia in a move that was heretofore done by the institutions of Bretton Woods. We are going to need a system in place to facilitate world trade that is not predatory, unsustainable and encouraging of environmental degradation.

I think this thread is in contention for using the most words without actually saying anything. Just vaugue disparaging criticisms without specifics. All you are proposing is moving from one arbitrary medium to another. Yes other countries would like to move away from the dollar standard but they are not benevolent rainbow crusaders, it's pure economic self interest.

I don't want to miss an opportunity to make things better. Seriously, if bitcoin is the ticket then I'll buy some tomorrow. But it will take more than plattitudes. So let's try breaking this into pieces- in your own words, how will bitcoin create a system that will save the environment?