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RE: Not sure why the world needs bitcoin? Check this out:

in #bitcoin6 years ago

Tools to fix economic issues will exclude currency manipulation, which is not a real fix. So the states will have to take appropriate actions such as: reduce regulations to stimulate business formation, reform tax policies to stimulate business formation and growth, act to improve outcomes from the public education systems to improve the overall competitiveness of the state economy, establish and demonstrate ability to maintain stable "rule of law" operation to attract external fund flows into the state economy as a good place to store value, etc. Basically the politicians will have to stop playing financial gimmicks, will have to adopt solid conservative values and deliver honest results to their electorate. As an example, consider what Switzerland has done over last 100 years. We will need more governments and politicians who are willing to compete with Switzerland. Imagine how wonderful that world could be. Socialism would die on the vine.

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