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Huh? I was talking about a world where they only concert between those assets. If coinbase is additionally doing that, then that’s not what I’m describing. And
by SilasX 4y ago
Huh? I was talking about a world where they only concert between those assets. If coinbase is additionally doing that, then that’s not what I’m describing.
And it’s it’s not even the service I was referring to (which requires that the asset classes be kept distinct).
I swear, something about that comment just set people off, when it should be uncontroversial with the caveats I gave.
- ETH_start 4y agoI was agreeing with you. I was citing an example of a financial institution providing that particular utility, to support the idea you presented, that it's plausible that one day financial institutions could be relegated to only providing that utility. Your point was well supported, so I don't see the reason why it got downvoted. >>which requires that the asset classes be kept distinct Yes it's not exactly what you described, but functionally speaking, it is quite similar as it enables on-chain and off-chain fiat to be converted one for one.