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> Unless cryptocurrency somehow replaces fiat entirely, which seems unlikely. No the central banks of the world are all working on fiat crypto, so we'll get th
by hitpointdrew 4y ago
> Unless cryptocurrency somehow replaces fiat entirely, which seems unlikely.
No the central banks of the world are all working on fiat crypto, so we'll get the worst of both worlds.
- dsr_ 4y ago"fiat crypto", or if you prefer, digital currency, will neither be proof-of-work nor proof-of-stake. Neither mechanism is needed when there is a single trusted authority.
- hitpointdrew 4y ago
- lovich 4y agoRelative to random individuals it seems like a democratic form of government at least, has several advantages Did society fall apart when current fiat currency with the government as the central trusted authority was adopted?
- deleted 4y ago[deleted]
- codehalo 4y agoA "single authority", not a "single trusted authority".
- dsr_ 4y ago"trusted" doesn't mean you want to, but that you have to.