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One difference is that countries know reasonably well how many citizens they have, and how many “trust the system” (however you want to define it). Those “othe
by otikik 4y ago
One difference is that countries know reasonably well how many citizens they have, and how many “trust the system” (however you want to define it).
Those “other assets” that mention are obscure by definition. You can claim that “your cryptocurrency has millions of users”. Are those real people? Or are those two guys in a data center with a shellscript? Compound that with the extensive marketing, posturing, hyping and gaslighting and the “people believe in it” argument loses strength.
Besides, the main criticism has never been “people don’t trust on them”, it was “there’s no regulation”. The continued rug pulls, scams and steals should already make it clear how this is a problem. And this is by design.