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It's likely that there won't ever be a single cryptocurrency that solves all the messy and complex problems of our global financial systems. Bitcoin is certainl
by jonnydubowsky 9y ago
It's likely that there won't ever be a single cryptocurrency that solves all the messy and complex problems of our global financial systems. Bitcoin is certainly far from delivering on that promise at the moment. It has however delivered a significant improvement in providing a trustless, secure, fault tolerant and immutable environment in which to implement a clean slate in monetary policy. Ethereum evolved this from a ledger of transactions to a ledger of computational states, and off to the races we've gone in using these as inspirations toward improving the broken qualities of our modern financial services industry. Factom offered a different take on inflation and deflation, dozens more tinker and toil to get it right. Transparency has improved, regulations have begun to take shape, and its just the first inning.