Dear Remarkl,
I thank you for your comment that’s helpful, and I also understand your philosophical point of view. I don’t want ‘bellum omnium contra omnes’. What I’m saying is that we need to change the current monetary and fiscal policies that are the basis of my thinking. As a European citizen, my analysis is related to the money role in the economy, the money measurement, the money offer, and the process of money and credit creation that in my opinion produced adverse effects on the aggregate demand in particular when the economy is in a downturn. The new technologies can generate a new form of decentralization of money and financial systems that can stimulate the economy with a direct impact on the aggregate demand of countries through the best process of money, credit creation and allocation.
Frankly, I don’t care if Facebook issues a virtual currency or it doesn’t, Facebook is doing business and it has the right to do it following the rules of economy. What about the fiscal policies that allowed multinational companies to avoid paying taxes? On the contrary, I take care of a generation of thousands of European people frustrated by wrong monetary and fiscal policies that have never been changed. Facebook can represent a real threat but is trying to use Blockchain and digital money to solve a few real needs that other companies or financial institutions do not want to solve.