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Echoing a comment below, with the fed lowering rates again it seems like loose money is here to stay for a while. I wonder if this will help eventually push ado
by ackbar03 7y ago
Echoing a comment below, with the fed lowering rates again it seems like loose money is here to stay for a while. I wonder if this will help eventually push adoption for cryptocurrency. Now I'm not a crypto-currency nut, quite the opposite, and I generally think blockchain is pretty useless, but you do have to acknowledge digital currency is finding uses in venezuela and a pocket of other countries where trust in the monetary system has completely collapsed. Continual low rates and high debts will for sure not wipe out trust in the financial system overnight but it definitely doesn't help
- jMyles 7y agoBeing harder money isn't enough. Orthodox money has the spiritual backing of the world order - the industrial-era concepts of hegemony and warfare unto imperialism. Blockchain tech needs to show some real, actual functionality - a complete and cognizable web3 stack - in order to be a critique on the level required to actually change (or replace) monetary systems.