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<blockquote data-quote="GMMichael" data-source="post: 6330943" data-attributes="member: 6685730">2 more cents, or bitcoins:3D printing, of anything more useful than a wax replica of a toy elephant, should be considered expensive, slow, energy intensive (see expensive), and/or highly regulated.&nbsp; If not, it will lead directly to the extinction of everything.Digital currency isn't a big deal; it's the same thing as debit cards.&nbsp; So apply the same rules that debit cards use: if the currency leaves one account it enters another, it requires charging interest if it isn't available, and a cabal of bankers decides just how much everyone is allowed to have.&nbsp; One sticking point: you can't have a cash reserve if there is no cash.&nbsp; So you might have government control of what each bank can call its &quot;cash reserve.&quot;Assumption: the government and banks cannot &quot;control money.&quot;&nbsp; Fascinating concept, but it's a little vague.&nbsp; First decide if that means that interest rates, required reserves, or actual quantity are uncontrolled (or something else?).&nbsp; If money is completely uncontrolled, it will have limited value, so you can expect a lot of bartering and alternative currencies.&nbsp; Or maybe BitCoin Incorporated is the only controller.&nbsp; Guess what another name for BitCoin Inc. is then?&nbsp; The Owner of Everything.Huge amounts of asteroid mining isn't a big deal, either.&nbsp; It's just another resource.&nbsp; Think of it as another continent for nations to exploit...or to fight over.</blockquote>

[QUOTE="GMMichael, post: 6330943, member: 6685730"] 2 more cents, or bitcoins: 3D printing, of anything more useful than a wax replica of a toy elephant, should be considered expensive, slow, energy intensive (see expensive), and/or highly regulated. If not, it will lead directly to the extinction of everything. Digital currency isn't a big deal; it's the same thing as debit cards. So apply the same rules that debit cards use: if the currency leaves one account it enters another, it requires charging interest if it isn't available, and a cabal of bankers decides just how much everyone is allowed to have. One sticking point: you can't have a cash reserve if there is no cash. So you might have government control of what each bank can call its "cash reserve." Assumption: the government and banks cannot "control money." Fascinating concept, but it's a little vague. First decide if that means that interest rates, required reserves, or actual quantity are uncontrolled (or something else?). If money is completely uncontrolled, it will have limited value, so you can expect a lot of bartering and alternative currencies. Or maybe BitCoin Incorporated is the only controller. Guess what another name for BitCoin Inc. is then? The Owner of Everything. Huge amounts of asteroid mining isn't a big deal, either. It's just another resource. Think of it as another continent for nations to exploit...or to fight over. [/QUOTE]

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