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You're right, we're still not there yet. I love the idea of cryptocurrency but it's being treated more like a speculative investment vehicle than a currency for
by ccheney 6y ago
You're right, we're still not there yet. I love the idea of cryptocurrency but it's being treated more like a speculative investment vehicle than a currency for goods & services. Sure, you can buy some stuff with it but its volatility is generated through all of the speculators.
It needs to be stabilized if we're ever going to replace fiat currency.
- l_pan_ 6y agoIt has already been https://www.investopedia.com/terms/s/stablecoin.asp https://www.investopedia.com/terms/s/stablecoin.asp Andreessen Horowitz invested $15 million in https://en.wikipedia.org/wiki/Dai_(cryptocurrency) https://en.wikipedia.org/wiki/Dai_(cryptocurrency)
- toomuchtodo 6y agoWhat happens to stablecoins when central banks hand out digital wallets [1] to everyone alongside instant payments [2]? [1] https://www.atlanticcouncil.org/blogs/econographics/the-rise-of-central-bank-digital-currencies/ https://www.atlanticcouncil.org/blogs/econographics/the-rise... [2] https://en.wikipedia.org/wiki/Instant_payment#Examples_of_instant_payment_services https://en.wikipedia.org/wiki/Instant_payment#Examples_of_in...
- GoblinSlayer 6y agoFiat systems impose the risk of opacity, regulatory heuristics and reversible transactions.
- deleted 6y ago[deleted]