The time is long overdue for citizens to start playing a more direct role in these two important functions of monetary policy.

Bitcoin also provides a convenient method for holders of this currency to lower the taxes that they are forced to pay in order to fund all of the waste and corruption not only within the federal reserve banking system, which is a revolving door that connects to Wall Street, but in other government agencies as well.

Stiglitz, who has spent most of his career living on a form of UBI courtesy of the parents who are desperate for their kids to attend Ivy League schools, is not very credible as a result on the topic of who exactly US monetary policy is intended to benefit: Wall Street fat cats sporting Ivy League degrees (enabled by their heavily lobbied allies in government like Chuck Schumer) or the Main Street average joe?

If another invention comes along that incentivizes the reduction of fraud through a distributed ledger AND has value, well, I’ll jump on that train too.

Edit: you know, I spent the time to read your citations, but I’m not sure why you devote this much time to comments on the internet. Once you have a track record of making strategic, correct, positive choices for your family; over the course of decades... I don’t listen to commentary. I make choices with money, not words on the internet. Words on HN have zero time value

Bitcoin will never be used directly for payments, it's a value store. Immutable deflationary digital gold.

I wrote it off for years too because it was too slow and the fees were too expensive. That was the dream they had, but they couldn't realize it at the base layer. I was still walking around last year believing that's the scam they were still peddling, but once you take time to investigate you'll see it will become a major part of the world economy.

COVID helped push this over as bailouts and printing money in the US and the ECB is going to drive a massive movement of money out of the markets and fiat.

Normally you'd see momentum go to bonds when the stocks burst but the bonds situation is unsalvagable.

Also expect a ton of movement to crypto when wealth taxes get implemented to fix economies. They'll use it to hide assets, guaranteed. Form an LLC, siphon the money out that way and into crypto.