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> The problem is when you're wrong (and there are always these events in economic history where the "system" fails) then you're really wrong. And that is not a
by Firadeoclus 8y ago
> The problem is when you're wrong (and there are always these events in economic history where the "system" fails) then you're really wrong.
And that is not a problem cryptocurrencies solve. These systems can also fail.
- michaelscott 8y agoWell cryptocurrencies do solve those specific issues, i.e. the ones inherent to centralised, government-backed financial systems. Of course, as you say, they introduce a raft of their own issues to deal with, but this would be a separate set that I imagine (in a reasonable economic system) would be hedged against by using our pre-existing financial system, and vice versa.