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Technology can be revolutionising without investing in a very specific cryptocurrency like bitcoin. I'm betting my ass of that cryptocurrency in a different wa
by Balantio 5y ago
Technology can be revolutionising without investing in a very specific cryptocurrency like bitcoin.
I'm betting my ass of that cryptocurrency in a different way might be the future of fiat BUT from the countries themselfs.
I'm not sure why anyone in the long run would trust a system which is controlled by some totally unknown and new individuals who invested in some cryptocurrencies.
There is no need at all to assume that the crypto technology is limited to btc and other current cryptocurrencies.
- 8note 5y agoCountries can just use a database and do the same stuff as crypto incredibly efficiently by comparison
- Balantio 5y agoI just don't know how it works in detail on the bacnking side as i havenot worked with it. My thought was that a crypto based system could replace perhaps a sea of different approaches and alignment efforts across banking systems and if a central bank/banks are just need to approve a block, instead of mining it, the basic idea of a transparent cryptosigned blockchain might be useful. But yes i don't think they need something like this as the current system seems to be very trustworthy. I have never heard of a bank creating money out of thin air.