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Even making that comparison suggests that there is a situation in which cryptocurrency is effectively and widely used as currency side by side with fiat. I don
by alkonaut 6y ago
Even making that comparison suggests that there is a situation in which cryptocurrency is effectively and widely used as currency side by side with fiat.
I don’t see that ever happening. I don’t think governments can (or should!) give up that much control over the financial system.
And this argument actually reaches back to prove itself: since crypto will always be used for speculation and not fill a useful role in transactions, all the energy used is effectively wasted!