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There have been multiple hype cycles for crypto. In over a decade, I have yet to see something priced in cryptocurrency. Pricing something in dollars and then c
by EduardoBautista 4y ago
There have been multiple hype cycles for crypto. In over a decade, I have yet to see something priced in cryptocurrency. Pricing something in dollars and then converting that amount in cryptocurrency for the next 15 minutes is still a dependence on government backed currency.
- beambot 4y agoContrary to some peoples' understanding, replacing fiat currency for everyday purposes isn't the only viable application of crypto. As one example: There are already banks that use XRP as the international settlement medium. You'll also see a lot of conversation right now about central bank digital currencies (CBDC) that could plausibly utilize crypto in some fashion.
- CRConrad 4y ago> replacing fiat currency for everyday purposes isn't the only viable application of crypto. Stop it with the fake juxtaposition. Crypto is just as “fiat” as any other currency, including gold.