5 ms·
Crypto is hardly a "sector of the economy". It's main utility right now is lining the pockets of a few speculators. Traditional centralized ledgering systems d
by codebolt 5y ago
Crypto is hardly a "sector of the economy". It's main utility right now is lining the pockets of a few speculators.
Traditional centralized ledgering systems do everything crypto does better and with a fraction of the energy use. It also gives governments tools to combat inflation/deflation and manage counterparty risks within the system.
Crypto is a neat idea, but in the end it doesn't really solve anything, and instead only introduces a lot of unnecessary problems.
- Shosty123 5y agoIt pains me to see how someone could see no value in having a medium of exchange outside of any government currency control. One of my ex-coworkers had his family's fortune wiped out twice in Argentina due to government seizure and hyperinflation before they fled to Canada.