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Currency? Money is a lot of things, but one of these things is it is a web of trust. What a currency needs is a central bank. Historically we have tried a lo
by worik 6y ago
Currency?
Money is a lot of things, but one of these things is it is a web of trust.
What a currency needs is a central bank. Historically we have tried a lot of things, and the most stable, reliable, and trustworthy turns out to be fiat currency with a central bank.
The "crypto currency", using blockchains, experiment has been a colossal failure. Trust matters, and it needs a source.
- madmax96 6y agoin what ways have crypto currencies been colossal failures?
- worik 6y agoTransaction capacity is far too low. Bitcoin is essentially unusable when transactions take over a hour to complete Volatility. Currency must be vaguely stable. Bitcoin is all over the place, most of the others have very low liquidity. The waste of energy. Scams galore. What in this space is not a scam? There have been so many scams. Enough?