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There could be some kind of Crypto Deposit Insurance Corporation (CDIC) to insure deposit accounts in case everyone does try to withdraw at the same time. You m
by giaour 5y ago
There could be some kind of Crypto Deposit Insurance Corporation (CDIC) to insure deposit accounts in case everyone does try to withdraw at the same time. You might want an entity with deep pockets and serious longevity (like maybe a sovereign state?) to offer that so you could trust that it would exist for the foreseeable future
- lisper 5y agoWhat a great idea! The sovereign state could even offer loan guarantees to help stabilize the system during financial crises. Wow, crypto is really turning into a game-changing innovation!
- doggosphere 5y agoYour state would eventually fail, but the core decentralized blockchain lives on.
- jakeva 5y agoAssuming there is still a power grid
- MR4D 5y agoWell, then you need to set up a Federal Cryptocurrency Reserve System (FCRS) in the US, and a European Cryptocurrency Central Bank (ECCB). And if that happens, you probably need a World Cryptocurrency Bank, and an International Cryptocurrency Fund as well. Wow, things are going to get fun!