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by tracker1
2536 days ago
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As a currency, there's maybe some merit in given scenarios. But all of the "me too, I have $CURRENCY$, it's different this time" doesn't lead to a lot of faith. It's over-hyped in general. Beyond that, often implemented in was suggested that don't really add much value compared to any number of other less complicated solutions. If you are in a situation, where you have competing parties not aligned who want to ensure a given transaction is applied, and don't mind the implementation of that transaction being completely public, then blockchain might be the right solution. If you are wanting to use cryptocurrency for financial transactions, then there is some merit, but in many cases suggested it's effectively a corporatist overload control over currency (such as Facebook's currency suggestion). If it's actual bitcoin or a handful of other alt-coins, at least it's decentralized but not as anonymous as many think. It's also, in general difficult to use without some centralization. In the end, someone will win in this game. My guess is the banks behind the winner (MasterCard and Visa are backing FB's Libre venture). Given the actions against people with unpopular views (even if they are wrong thinking assholes), it terrifies me. Freedom to exchange property, and currency is a stand in for property, is a big deal and at least as big a deal as speech. |
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