3 ms·
The weakest link of any non-fiat currency is that the point of transforming fiat to cryptocurrency becomes. This makes it almost impossible for it to achieve it
by f430 6y ago
The weakest link of any non-fiat currency is that the point of transforming fiat to cryptocurrency becomes. This makes it almost impossible for it to achieve its manifesto of being an alternative.
Many in the industry conveniently overlook over the fact that the government can just ban you from wiring money to anyone selling cryptocurrency on a whim.
It is my theory that cryptocurrency is being actively allowed because of its political, counter-intelligence value.
Imagine if you invited all the bad people in your country and tricked them into using a currency they all believed to be infallable and anonymous. You simply ignore the middle level dealers or criminals and able to keep track of potential state level actors utilizing criminal networks to subvert your country.