3 ms·
The 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 mone
by worik 5y ago
The 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.