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Criteria for a currency I would like to use: - Accepted by my government to pay taxes in - Accepted by all the places I would like to buy things - Stable pri
by RugnirViking 5y ago
Criteria for a currency I would like to use:
- Accepted by my government to pay taxes in
- Accepted by all the places I would like to buy things
- Stable price
- Easy to use
- My job pays me in this currency
- Easy to transfer
Every single one is already satisfied by current currencies. Cryptocurrencies bring nothing, "except anonymity" which isn't true (the blockchain is literally a public leger of all transactions, yes you can open a wallet anonymously but you can do that for a bank account too if you have to)
If somebody is seriously trying to suggest that people in hyperinflationary economies would prefer bitcoin, hyperdeflationary economies are just as bad, and worse than both is wildly unpredictable economies.
- oblio 5y agoI don't understand the argument about anonymity. How do I have recourse in case of a fraud, as a buyer, for example, if I don't know who you are?