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The main issue isn't solved by replacing fiat currency with a digital crypto currency. The problem that must be solved is how do you manage (the creation/destru
by irln 9y ago
The main issue isn't solved by replacing fiat currency with a digital crypto currency. The problem that must be solved is how do you manage (the creation/destruction) of a medium of exchange in a manner that is equitable to ALL participants. The current system uses a combination of central banks, plain ole banks, and government bonds. I'd argue that their management hasn't met the goal of being equitable to ALL participants, however, I don't see how crypto currency improves on this.
- s73ver 9y agoIt doesn't. It just puts a different set of people on top.