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Crypto right now is more like something people are speculating on, but it's like a collectible piece of art or something. It's cool as an idea, but that's about
by Synaesthesia 5y ago
Crypto right now is more like something people are speculating on, but it's like a collectible piece of art or something. It's cool as an idea, but that's about it. It's not going to become the currency of a failed state, there are far more power efficient and opaque ways of doing things.
Basically states print money anyway, and just hand it to the banks.
- smt88 5y ago> It's not going to become the currency of a failed state, there are far more power efficient and opaque ways of doing things. It's already being used as a proxy for USD in some failed states (which is exactly what every stablecoin's value proposition would be). It's certainly not widespread, but it makes sense in a society where you don't actually need/want to convert to fiat to transact.