5 ms·
> what problem decentralised currency is supposed to solve. for example the central european bank deciding to devalue the euro, making us all 20% poorer in a f
by LoSboccacc 8y ago
> what problem decentralised currency is supposed to solve.
for example the central european bank deciding to devalue the euro, making us all 20% poorer in a few short months of 2016
not that bitcoin solves the fluctuation issue, but it's one of the issues that having a central bank gives us the people in our microeconomics when the politicians go all in on macroeconomics
- ricardoreis 8y agoSo the question was: "What problem does X solve?" And your answer is: "Well, problem Y. Except it doesn't solve it." Or am I missing something?
- LoSboccacc 8y agoDecentralized might solve problem Y. Bitcoin which is a subset of decentralized currency doesn't solve Y. Other currencies might, depending on how their value is anchored.