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I am skeptical of all the crypto schemes, and this is the only use case I find convincing. The small producer in China is paid by the American company via a dig
by randomsearch 4y ago
I am skeptical of all the crypto schemes, and this is the only use case I find convincing. The small producer in China is paid by the American company via a digital currency. Faster, easier, cheaper.
Continued use of such a medium could over the long-term conceivably lead to widespread adoption, regulation, and a global currency. Fiat is disadvantaged when transactions cross borders.
I think we'll look back on this period as a painful learning process, which will set back such a digital currency by years. Perhaps it is inevitable, though, that some people will in the short-term exploit such situations for personal gain at the expense of the rest of us. Now we have to sort out the mess and wait.
It seems that both in the adtech (Facebook etc.) and crypto spaces, our industry has disgraced itself. We are at an incredible moment in history when our skills are pivotal - we're building the infrastructure of the modern world. We need to use our skills to improve things. The most obvious way to improve the situation is to carefully choose who we work for.