3 ms·
It's also a bad design for its intended use as a digital currency. There are fundamental design flaws which mean Bitcoin will never be a world currency - pseudo
by grey-area 4y ago
It's also a bad design for its intended use as a digital currency. There are fundamental design flaws which mean Bitcoin will never be a world currency - pseudo-anonymity, distributed ledgers, chained transactions, lack of central authority, all come at a cost and solve problems most people don't have.
- worik 4y ago> , all come at a cost and solve problems most people don't have. Oh yes > lack of central authority This is one thing that really gets my goat. Money is hard to define but one property of money is that is serves as a web of trust. That trust has a source, a central bank. A fiat currency is as good as the central bank that controls it. Crypto has no trust, by design. It cannot fit into that space. It cannot replace fiat currency.