4 ms·
They’re a hedge in that they have different failure modes than govt fiat, which means they’re a potential safe haven in the event of govt currency collapse/hype
by SkyMarshal 8y ago
They’re a hedge in that they have different failure modes than govt fiat, which means they’re a potential safe haven in the event of govt currency collapse/hyperinflation/etc. Which is part of what the cryptoanarchists wanted.
Yes they’re volatile, but they’re new, immature tech, with shallow market depth. None of those things will last forever.
- tim333 8y agoGuess if they become accepted enough. At the moment businesses transacting with iffy countries often do the deal in USD so I guess it could be the new USD maybe.