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This seems to be the exact line of thought that Scott is challenging. He agrees with you, "Yes, The Crypto Financial System Is Just Reinventing The Regular Fina
by stickfigure 4y ago
This seems to be the exact line of thought that Scott is challenging. He agrees with you, "Yes, The Crypto Financial System Is Just Reinventing The Regular Financial System Except Worse In Every Way, And That’s Fine".
If you live in a stable economy with good governance and a trustworthy financial system, you don't need crypto. Unfortunately, that does not describe everyone in the world. It may not even describe half of the world.
- r00fus 4y agoIf what you're saying is correct wouldn't the transaction costs / volume reflect increased usage for those "unserved" by a trustworthy financial system? ie, it's not fine.
- stickfigure 4y agoI guess SA's opinion is close enough to my own that I'm willing to defend it in public. However, I don't understand your question/statement - can you restate it?