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What do you think about NY Fed's project I linked, which demonstrated that "blockchain-enabled cross-border payments can be faster, simultaneous, and safer" (th
by RestlessMind 4y ago
What do you think about NY Fed's project I linked, which demonstrated that "blockchain-enabled cross-border payments can be faster, simultaneous, and safer" (their words, not mine).
Speaking of dissidents subverting their governments, I personally know people who are using cryptocurrencies to assist their families stuck under the said governments. There might be some risks, but when they don't have any other way to exchange value, crypto is a lifeline.
- acdha 4y agoIt’s a prototype but also not how most cryptocurrency people use blockchain. It’s a shared ledger between a couple of banks, organized by a central bank. It’s no surprise that this works because it doesn’t drag in all of the notorious drawbacks trying to do the pseudo-anonymous permission-less stuff, or trying to be a separate currency.
- RestlessMind 4y agoWhat is the specific drawback of pseudo-anonymous permission-less stuff? > trying to be a separate currency. None of the serious crypto projects I am aware of (which are Bitcoin, Ethererum and its L2's basically) claim to be a currency. Bitcoin is an asset. ETH is a currency only for the ETH ecosystem and does not claim to be something along the lines of a popular definition of currency.