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by embedding-shape 227 days ago
> digital currencies - not crypto currencies

Are those "digital currencies" not using cryptography? If so, they're a cryptocurrency, regardless how centralized or not they are. See Tether for an example of a centralized "cryptocurrency" (not "digital currency").
1 comments
trenchpilgrim 227 days ago
> Are those "digital currencies" not using cryptography? If so, they're a cryptocurrency, regardless how centralized or not they are.

By this logic buying something on Amazon in USD, or doing a bank transfer from a Wells Fargo account to a Bank of America account, or paying a water bill is using a cryptocurrency hahaha

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embedding-shape 227 days ago
Is that really the basis of those transfers, or something that they're using? This is why it's kind of tiresome to even mention cryptocurrencies/blockchain, all the "assume good intentions" and "answer charitable" suddenly flies out the window.

Why is it that some topics just triggers some raw emotional feelings in people?

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trenchpilgrim 227 days ago
Yes, when I worked with moving money between businesses and banks decades ago, we used public key crypto as part of the system for sharing ledgers and running transactions. Banks aren't stupid, any technology that can actually reduce fraud by more than the cost of using the system gets quickly adopted.
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embedding-shape 227 days ago
Yeah, of course, why wouldn't they? No one claimed otherwise.
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