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Regular Joe will use a crypto wallet managed by the US gov and won’t need a payments processor or a bank. All transactions will be managed centrally. Exactly th
by atmosx 5y ago
Regular Joe will use a crypto wallet managed by the US gov and won’t need a payments processor or a bank. All transactions will be managed centrally. Exactly the opposite of what Satoshi foresaw :o)
Source: https://www.economist.com/leaders/2021/05/08/the-digital-currencies-that-matter https://www.economist.com/leaders/2021/05/08/the-digital-cur...
- ck_one 5y agoHm I doubt that developers on Ethereum will switch to such a system. At the end developer/product adoption will decide how the future will look like.
- trompetenaccoun 5y agoIdeals can be compromised though. I'm increasingly pessimistic about cryptocurrencies bringing us positive change. The digital ledger, which was intended as a tool for democratization, can also be used to monitor and oppress. Which is just the kind of thing those in power like to do.
- atmosx 5y agoCurrencies are not adopted. Currencies are enforced. All the gov has to do is “accept taxes in eUSD with 5% cut compared to alternatives” for 10 years and the game is over. China banned eCoins overnight, it’s as simple as that, for better or worst.