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That entity historically would be a king, an elite, a corporation, or a crowd. The problem is, if you put a king in charge, you pave the way for a tyrant; if you put an elite in charge, you create an unfair aristocracy; and if you put a corporation in charge, you get a rent-seeking monopoly. If you put a central bank in charge, it will manage money supply to optimize the health of its own currency and balance sheet, not to the benefit of the individual saver or investor. A misaligned central bank may be incentivized to protect itself by devaluing your savings. At the same time, we have open protocols in which participants of a network can inter-operate permissionlessly without a gatekeeper, mr sloty casino erfahrungen.
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