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RE: The Dollar Is Dying - Proposing The New Bitcoin Standard

No, we don't need a bitcoin standard. Or a steem standard. Or any standard.

The standard is what creates the problems in the first place. Instead, allow the free market of money to let you (and me, and everyone else) decide for themselves what form of money is best for their situations.

People complain that without some arbitrary authority making the rules there will be chaos and nobody will know how to transact with others. This is nonsense.

A trade occurs when a willing buyer and a willing seller meet. If the buyer and seller want to trade goats for cars, then fine. If they want to trade bitcoin for pizza, then fine. If they want to trade gold for real estate, then fine.

The decisions of millions or billions of people acting will create a market consensus on which money is good, and which money is bad.