Comments by "Andrew Sainsbury" (@andyinsuffolk) on "Whatever else is claimed about it, crypto is not a currency" video.

  1. Ecuador and El Salvador do not issue their own currency -- so are not states? In the UK we are mandated to use the UKP - 'free exchange' does not require a state imposed currency. This is the big state fiat currency fraud that enables the freedom of the 'political class' and their cronies that profit -- in a democracy people should have the choice. Crypto currency would probably not exist if we had free market currencies --- I suspect even the USD would look pretty pathetic compared to Google-Dollars or Apple-Dollars or whatever else that appeared in a free exchange world. Crypto currencies have at least one shared property with fiat currency; they have no asset base -- in the future both will be considered a joke.
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  2.  @richardhale9664  -- I would call that a circular argument; though I understand that it's hard to see beyond the orthodoxy. States cannot play fiat currency games unless they have a fiat currency -- absolutely true. But sovereign state fiat currency is a system that governments impose on their people so that they can limit property rights and free the ruling class from hard-money limits. State currency is superfluous in a free-market world. Wouldn't you choose to use Google-Coins if they have a proven record and GO UP in purchasing value when you have them?
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