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To ask more specifically: what benefit does a cryptocurrency give you if you still need to trust a central entity? Some guesses of mine: - Could be easier to
by mastax 9y ago
To ask more specifically: what benefit does a cryptocurrency give you if you still need to trust a central entity?
Some guesses of mine:
- Could be easier to trade than forex (though I don't think this is currently the case with crypto)
- A centralized ledger may reduce the information that individual financial institutions need to store
- Blockchains are generally tamper-resistant databases
- Blockchain's may be easier to police for e.g. fraud
As a consumer, most of those are 'not my problem'. What benefit do you anticipate?