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by IshKebab 810 days ago
Yep. Nothing here seems to contradict that, unless you have found some magical cryptocurrency that has stable value, is easy enough for my mum to use, doesn't have the security properties of stuffing cash in a mattress (and posting a sign outside your house saying "cash here!"), is properly regulated, allows chargebacks, has fraud protections, etc. etc.

No? Didn't think so.

1 comments

Yes. I have. It’s called USDT. There’s also USDC.

And we built blockchain apps that let anyone release their own at https://intercoin.org

All those other properties you mentioned are not essential to being used as a medium of exchange. People can make their own conflict resolution procedures without involving the daddy government. Your idea of “security properties” is that a bank holds your money, well around the world people get their assets frozen by these banks.

> People can make their own conflict resolution procedures without involving the daddy government.

Who's going to pay for that? Or enforce it? Can you give me a single example of this?

Pure delusion.

> around the world people get their assets frozen by these banks

Good point, that's another useful feature real banks have that you can't do with cryptocurrency.

I mean, yeah.

Are most HN entrepreneurs targeting Venezuelan customers?