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Would you say that most of the benefits you attribute to cash can only be realized electronically using cryptocurrencies?
by ChadNauseam 2y ago
Would you say that most of the benefits you attribute to cash can only be realized electronically using cryptocurrencies?
- bckygldstn 2y agoIn most developed countries outside the US, electronic bank transfers and payments fulfil 1 and 3.
- throwaway48476 2y agoNone of those qualities are true of crypto currency. It is not anonymous with bitcoin, it is not final as with tether, and KYC makes it not censorship resistant either. And for all this it has fairly high tolls too. Crypto is not a currency used for trade except illegal trade. It is a greater fool scheme.
- torified 2y agoI've made purchases with monero that were anonymous and final. From memory the transaction fee was something like 10c. Worth every penny.
- mgraczyk 2y agoAll of the numbered qualities listed are true of some cryptocurrency, and it would be easy for the Fed to issue a CBDC that has all of them. In fact all but one (tolling) are event true of BTC
- gwbas1c 2y agoTolling on cryptocurrencies is absurdly high.
- torified 2y agoAbout 6c per transaction on monero. https://bitinfocharts.com/comparison/monero-transactionfees.html#3y https://bitinfocharts.com/comparison/monero-transactionfees.... I paid multiple orders higher fees when I bought lunch today.