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Also why cryptocurrency will never replace fiat currency. Not that it was ever really meant to, but you know.
by ToucanLoucan 2y ago
Also why cryptocurrency will never replace fiat currency. Not that it was ever really meant to, but you know.
- kbolino 2y agoA cryptocurrency where all the voting nodes are run by the state could fulfill the same objective. The problem is that cryptocurrencies as we know them are based upon a publicly verifiable ledger. Inevitably, the state would want an "off the books" way to move money around, which would lead to a shadow currency, and the resulting disequilibrium would destabilize either the state or the "official" currency.
- HPsquared 2y agoPublic ledger is also a privacy (and potentially fungibility) nightmare.