4 ms·
Exactly! What's the blooming point? What governments want is digital currencies, all the privacy concerns and none of the benefits of cryptos. But, let's see
by psychphysic 4y ago
Exactly! What's the blooming point?
What governments want is digital currencies, all the privacy concerns and none of the benefits of cryptos.
But, let's see if crypto can survive this pressure. Really it must be robust to this if it has any purpose.
- epolanski 4y agoCurrencies are already mostly digital since decades.
- psychphysic 4y agoNot disagreeing but to many's surprise cash is more popular than ever. Most of us no longer us bank notes, yet the amount in circulation climbs...[0] what's going on? It actually probably acts like a buffer, with BOE spending the net on government assets while the notes vanish off to places we prefer not to think of [0] https://www.bankofengland.co.uk/statistics/banknote https://www.bankofengland.co.uk/statistics/banknote
- polygamous_bat 4y ago> Most of us no longer us bank notes, yet the amount in circulation climbs. The plots you shared are meaningless if they are not normalized against the total money supply. I think if normalized by total amount of money in circulation the percentage would be shrinking and not growing.