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Why do you hate to say that a non-centralised approach is better than a strict duopoly?
by xandrius 1y ago
Why do you hate to say that a non-centralised approach is better than a strict duopoly?
- bad_haircut72 1y agoCrypto is obviously not without its own issues
- seanclayton 1y agoYes it, too, has its issues. It appears no system is perfect.
- shortrounddev2 1y agoBecause Crypto has historically found more use as a form of high tech gambling and vehicle for fraud than it has as actual currency
- asterix_pano 1y agoBecause almost no administration was ready to regulate it until recently. Payment and remittances are such obvious use cases but if every transaction create a tax event, it's also too cumbersome to implement for most merchant.
- shortrounddev2 1y agoIf the government has to regulate cryptocurrency for it to be useful as a currency, then it's not very useful as a decentralized currency, is it? In my view, most cryptocurrencies (bitcoin, at the very least) are built on fundamentally unsound economic principles which incentivize hoarding and speculation.
- KetoManx64 1y agoThe US dollar is used by just about all drug dealers, money launderers and human traffickers, yet we also use it for our daily transactions.
- shortrounddev2 1y agoWell yes because the US dollar's value is regulated by economic experts. Bitcoin's core idea was always based on pseudo-economic monetary theories
- viraptor 1y agoSure. GP wrote "found more use" - it's about relative not absolute value.
- xandrius 1y agoTo be fair, money has been around for more than 20 years and people still find ways to make it a vehicle for fraud.