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It mostly comes down to whether you trust in democratic institutions or not and whether you think it's a good idea to have markets operate outside the control a
by cynusx 4y ago
It mostly comes down to whether you trust in democratic institutions or not and whether you think it's a good idea to have markets operate outside the control and supervision of regulators and an enforceable rule of law.
- mtlmtlmtlmtl 4y agoExactly this. All these promises of crypto being "independent" of banks and governments all rely on the relative obscurity and novelty of the technology. If crypto became the default currency, it would have to play nice with existing economic and political structures, and all of those "advantages" would be gone.