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by apples_oranges 490 days ago
Imagine if crypto proponents were tasked like this with remaking the monetary systems, without having a real clue why it currently is how it is. It could be interesting and even work, but more likely than not it will just repeat the errors of the past and would be tweaked again and again until it resembles something similar to what it is now, with massive fallout in the meantime.
1 comments

The irony the eurodollar system already works like decentralized crypto. There is a ledger of assets and liabilities and the international banks keep tabs on each other.