3 ms·
> That's a pity BitCoin has failed to do this. Hopefully Monero or something new will succeed once and set the people free... I guess the first step on the pat
by beefield 9y ago
> That's a pity BitCoin has failed to do this. Hopefully Monero or something new will succeed once and set the people free...
I guess the first step on the path to success for a new currency would be to acknowledge and understand the relationship between credit and modern efficient money (the relationship here being equality). Fractional reserve banking was disruption of money much before SV started to use the term. Unfortunately it looks like the cryptocurrencyfolks seem quite stubborn in sticking with the monetary concepts of stone ages, so I am not holding my breath waiting any cryptocurrency to succeed as real world money any time soon.