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Blockchains compete with the existing financial system, which is largely held together by the major central banks and commercial banks. And because of poor tim
by MichaelZuo 2y ago
Blockchains compete with the existing financial system, which is largely held together by the major central banks and commercial banks.
And because of poor timing as mentioned, they just seem like a shabby deal since nowadays it’s entirely possible to get nearly all the benefits in the existing system without the drawbacks.
- otabdeveloper4 2y ago> Blockchains compete with the existing financial system Nobody actually uses blockchains for accounts or money transfers. (Nobody as in actually nobody.) Lots of people use blockchains for speculation purposes, though.
- MichaelZuo 2y agoWho said the existing financial system is limited to "accounts or money transfers"?
- TZubiri 2y agoWrong. Usd Stablecoins (tether) are very popular in my country. Salaries are paid with that shit
- bitxbitxbitcoin 2y agoThe people who say nobody uses blockchains for actual money are showing their privilege.