2 ms·
How is that not "failing to revolutionize how we transact"? A promise of cryptocurrency was precisely that regulators and entrenched interests wouldn't be able
by cwillu 6y ago
How is that not "failing to revolutionize how we transact"? A promise of cryptocurrency was precisely that regulators and entrenched interests wouldn't be able to fight it effectively.
Finding out that they in fact can do so, and that the result is only incremental/marginal improvements to the system, is a falsification of that premise.
- sennight 6y agoHow? Well, you can start with the fact that it isn't over. If the objective had been to "revolutionize how we transact in less than 10 years" then you'd have a point. Now consider the reason why we're talking about delay instead of outright ban. States and institutions seem to know (in so far as large organizations are capable) that a crypto currency will inevitably be required in the somewhat near future, and a ban would be a massive strategic handicap. Hence the delaying tactics, like refusing to issue tax guidance for a ridiculous length of time.