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In fact, I can think of nothing more profitable for a cryptographer than designing a better cryptocurrency.
by Shorel 5y ago
In fact, I can think of nothing more profitable for a cryptographer than designing a better cryptocurrency.
- worik 5y agoThe fundamentals are all wrong though. Money is, amoung other things, a web of trust. Trying to remove trust from it is taking away some of what makes it money. I do not think there is a solution in this space that works economically or financially. What we need is a unit of exchange that: holds its value reliably, allows a lot of transactions, has low over head, allows anonymous transactions. A central bank could build a system that does the first four, but they have no incentive to do the last.