4 ms·

What would be the benefit?

• stale2002 7y ago
  The same benefit of using a reserve currency, such as USD. That being that it can't be inflated by the government.
  • foldingmoney 7y ago
    Good old stable-valued bitcoin.
    • stale2002 7y ago
      Compared to the inflation rate of Zimbabwe? I'll take crypto currency any day, over a guaranteed 40% loss every year. At least crypto has the chance of going up.
  • macspoofing 7y ago
    It also can't be used for commerce because crypto networks can't scale.
  • cuchoi 7y ago
    Crypto is a lot more volatile than the USD (or a basket of currencies). That's why Coinbase created Stablecoin.
    • godzillabrennus 7y ago
      Stable coin would solve that.
      • cuchoi 7y ago
        But then if you are using Stablecoin as your currency, what's the benefit over the dollar?
      • s_Hogg 7y ago
        Not if you run out of electricity
    • stale2002 7y ago
      But it is still a lot less volatile than the Zimbabwe dollar. This is not about replacing money in the US. It is about replacing money in countries where there is already a huge inflation rate.