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by EGreg 807 days ago
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.

1 comments

> 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?