3 ms·

A fixed monetary policy will also never happen in tradfi. Bitcoin as a currency delivers something. Can atomic swaps happen in a centralized system? If so, doe

• ceeplusplus 4y ago
  There are no technical barriers preventing atomic swaps from happening in a centralized system. Transactional databases have existed since the 70s. There are no technical barriers preventing bank transfers from clearing in seconds either, but as I said, there are incentive problems that prevent existing actors from making it happen. Cryptocurrency is merely a technical solution to a political problem. How do you bypass the existing entrenched players in finance so you can implement real changes? You make your own money. How do you get people to trust bullshit money? Crypto. There are a huge number of stock exchanges today that all trade the same products with slightly different exchange features. Do you think they're going to be inclined to cooperate with each other to make atomic swaps work across exchanges?