> There are two sides to a trade, and typically Bitcoin only handles one of them. Buy some food with Bitcoin and it still might taste bad or make you ill. You

> There are two sides to a trade, and typically Bitcoin only handles one of them. Buy some food with Bitcoin and it still might taste bad or make you ill. You have this same problem with any form of money. The problem I raised is counterparty-risk when holding your assets (before transacting). > Even for purely financial transactions, any kind of loan or investment still has counter-party risk. Yeah, that's why maybe loans should have higher interest (right now, the low interest is artificial, because the bank is really making more money from the fact that it's working as a fractional reserve, not from the interest it gathers from loaning you money). > So even if a crypocurrency worked perfectly, it doesn't solve very much. It solves just one thing. Granted, it's not a silver bullet. But there are never silver bullets. Every single invention that humanity achieves, just improves the world a little tiny bit. Cryptocurrency does this as well.