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A government would be responding to customer demand. Sure, they could create a centralized digital currency. But the market might not want to use that, so what
by stale2002 8y ago
A government would be responding to customer demand.
Sure, they could create a centralized digital currency. But the market might not want to use that, so what's even the point of spending all this effort making it in the first place.
Whereas a decentralized currency has features that sounds me customers want.
- marcosdumay 8y agoCurrently, demand for cryptocurrencies seems indistinguishable from zero. At the same time, demand for government issued centralized money is quite large.
- stcredzero 8y agoHistory has seen rapid changes in the demand for government issued money.
- marcosdumay 8y agoThe word "rapid" on that phrase was an entirely different meaning from when it's used to describe the rate of change of cryptocoins demand. A large market is a more stable market. Crypto may get large at some point (I don't see why they would, but I don't see everything), but today they are nothing. Thus, preaching that people massively want them is nonsense.