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> Even if cryptos could solve all problems that FIAT has, that does not mean it is a better solution to the problem that FIAT solves. That sentence literally r
by samarama 4y ago
> Even if cryptos could solve all problems that FIAT has, that does not mean it is a better solution to the problem that FIAT solves.
That sentence literally refutes itself.
- ben_w 4y agoNo it doesn’t. Fiat currency can solve problem Alpha while having itself a problem Beta, and something else can solve problem Beta without solving problem Alpha.
- tappio 4y agoScrewdriver (cryptos) and drill driver (fiat schema) both can be used to screw. The proponents of screwdrivers are constantly complaining how drill drivers are clumsy, how you can't safely run around with them, etc. But do you really want back the society where you build houses with screwdrivers? Current fiat schema is just so much more than what you think. I assume you didn't study finance or economics, so it might be hard to understand just how many things have been possible because of fiat currencies. Yes, many crisis too, but it put the rate of innovation and growth into steroids. Thanks to it, we now have time to argue in internet about this kind of worthless matters.