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by 9dev 699 days ago
Doesn't that come down to the same thing effectively? Debt and taxation are details of a system of trusted authorities built around the economic system of human work.

And if we consider a CBDC to still count as cryptocurrency, in my opinion we've just shifted the goal posts from a decentralised, anonymous, revolutionary, grass-roots form of digital currency to the technical underpinnings of the digitisation process of the global banking system.
1 comments
ImHereToVote 698 days ago
The current centralization is what keeps it "stable". This stability makes the currency lose it's value in a very gradual way. Only housing, property, education, and healthcare are gaining value at a outlier rate.

Decentralization will incentivize hoarding. Why spend crypto when it might go to the moon tomorrow. Maybe that is a feature, maybe not.

I don't judge.

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