In BTC I don't know who's creating it, what they believe about it and I have no way to affect their creation of it. Seems like the democratic governing system is more fair and transparent so where did I go wrong?
It would matter more than my (non-existent) vote in bitcoin would.
>It doesn't matter who is creating it as long as the supply is stable and predictable.
So to be clear, your problem isn't that the fed is centralized and btc is decentralized it's that btc is regular and the fed can be irregular?
What I care about as a consumer is being able to predict the value of my currency at future times. Bitcoin doesn't allow me to do this at all.
No, you can trust them to tell you how much they're creating. Important distinction.
> I can even vote for people whose dollar creation opinions line up with mine.
The people who run the FED aren't elected, so no, you can't.
> In BTC I don't know who's creating it, what they believe about it and I have no way to affect their creation of it.
It doesn't matter, the issuance is controlled by the protocol and you can know how much Bitcoin will be created on 2105/06/25 by making a few simple calculations.
So if you don't agree with it you can bail out right now and never participate in it, no one forces you to.
A on-chain bitcoin transaction allows an arbitrary number of off-chain transactions.
The existence of war does not absolve you. If your standard of morality is "everything that's better than war is okay", you have approximately no morality.
