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Crypto currency definitely has a big future, that I can give you this 12a9hmRF8Aueu38tXyuj7eswTUgsemszp2 and you can pay me there without a bank or government i
by gnaritas 13y ago
Crypto currency definitely has a big future, that I can give you this 12a9hmRF8Aueu38tXyuj7eswTUgsemszp2 and you can pay me there without a bank or government in between is amazing. Anyone who's integrated with a payment processor to run an online business will appreciate the value offered by crypto currencies.
Unfortunately I don't think BTC is that currency, it's built in limit is a terrible idea conceived from the mind of someone who doesn't understand the difference between money and commodities. BTC will never be a good currency, it'll never be stable enough. BTC is e-gold, not e-cash, and it'll suffer the same fate as gold, that of a value holding commodity but not a currency. However, that's a petty flaw easily fixed and BTC paved the way for a whole market of crypto currencies by being open source with each trying slightly different approaches based on different ideas about how currencies work. This is awesome. Regardless of which few crypto currencies eventually dominate, it is the future.