7 ms·

I think you missed a step: metal coin usd -> paper usd -> digital usd (closed, permissioned system) -> crypto usd (transparant, permissionless system) The jum

• obilgic 4y ago
  true, revolutionary (compared to even digital usd) as in It shouldn't require a third party (aka bank etc) for 2 individuals to transact.
  • scq 4y ago
    No bank involved, but for every transaction you burn down an unspecified amount of the Amazon rainforest. But hey, you win some, you lose some.
  • tsimionescu 4y ago
    You always need a 3rd party for two individuals to transact. It's banks for dollars, miners + the whole infrastructure for crypto. In principle, miners or the infrastructure maintainers could be forced to never mine your transactions (well, transactions to/from particular wallet IDs), by the way. It would be of course harder, since your money is in a single bank, but all miners would have to agree to the ban for it to work.