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Thats the rub - a currency which you can't actually spend is more of a speculative investment. A currency which you can only exchange for other more stable curr
by dwaite 5y ago
Thats the rub - a currency which you can't actually spend is more of a speculative investment. A currency which you can only exchange for other more stable currencies even more so.
When you try to take a digital currency and exchange it for digital items and digital ownership, you do so in a realm where "information wants to be free" - ownership of data is not often as interesting a concept as you want.
Finally, when you try to exchange digital currency for physical goods, you start to realize ownership itself only means anything as part of the existing legal constructs - a distributed ledger "title" will only be valid when the government says it is, and a successfully executed smart contract can be effectively overturned by a judge's order.
The parties/exchanges that don't acknowledge any of this and push the decentralized, out-of-government-control messaging seem like they are tending to be the ones who are structured corporately to be highly resistant to being taken to court over false claims by their customers/victims.