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Traditional currency is still too reliable because it is tricky to get a critical mass to give up their faith in government and the economic system. For these b
by tybris 16y ago
Traditional currency is still too reliable because it is tricky to get a critical mass to give up their faith in government and the economic system. For these boom and bust times we need something that can become completely worthless overnight when someone finds a new mathematical technique, flaw in the BitCoin implementation, or lucrative exchange scheme.
- CoffeeDregs 16y ago>it is tricky to get a critical mass to give up their faith in government and the economic system Why would you have to do that in order to use BitCoin? I've used all kinds of currencies/monies (including trading, labor, whatever) in my life without giving up faith in the US Govt's ability to back the dollar.