UnNews talk:Implications of Scottish independence laid bare

UnNews is ahead of the curve

See here: http://www.ibtimes.co.uk/scottish-independence-could-bitcoin-replace-pound-scotlands-national-currency-1465929 --RomArtus*Imperator ITRA (Orate) ® 09:03, September 18, 2014 (UTC)

The political blog on which I based this UnNews was from a libertarian who writes about foreign economies. In fact, a lot of things could replace the pound, including gold and silver — which are unfashionable but whose essence is never open to political debate. In addition, England could not stop Scotland from using the pound, any more than the U.S. can stop Panama or Ecuador from using actual dollars or could have stopped Argentina from defining a currency as US$1.00. The point behind my joke is that Scotland will of course do something, rather than letting trade grind to a halt for lack of an exchange medium. The fearmongering is absurd.

Bitcoin is not a reliable store of value. It is subject to extreme, localized hiccups, as alluded to at Bitcoin. The makework assigned to computers puts a little enforcement behind the unregulated promise that the number of Bitcoins will be limited, but it doesn't make Bitcoins actually worth anything. They are not. They are not money but collectibles. Indeed, a lot of commerce used to occur in high school where the exchange medium was baseball trading cards. Supermarkets counted out trading stamps as a premium for shopping there; they could be redeemed for gadgetry and, though the issuer claimed they had "No Cash Value," people could use them as very-low-denomination money. Such commerce was voluntary and efficient — but not everyone wanted to accept them in exchange for stuff, and not every Scot wants to work for Bitcoins. To keep the Scottish economy running without introducing disruptions, the Scottish Parliament would need to select an actual money on which there is wide consensus is worth something. This would minimize the number of transactions where one party insisted on being paid with something else. Spıke Ѧ 11:53 18-Sep-14

How I'd vote

My Source elsewhere notes that Scottish independence would instantly remove lots of Labour MPs from Westminster and instantly make the fUK Parliament more eager to get the fUK out of the European Union. (Instantly, that is, unless they pull a Massachusetts and simply ignore the referendum despite the concessions they have already promised.) Simultaneously, he is hopeful that Scotland will decide to become more pro-free-market — despite the same Labour MPs. That is, he thinks that a Yes vote will induce dozens of Labourites to wink out of existence. There is something wrong with that logic.

Like handguns and spanking, being willing and able to do something is sometimes a very good idea even without actually doing it; sometimes even better than actually doing it. As a Yes vote in Scotland's obviously advisory referendum supports secession without necessarily achieving it, I'd easily vote Yes. Spıke Ѧ 14:26 18-Sep-14