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lui8906 | 4 years ago
The original poster complained about:
A) Crypto being too volatile B) Crypto recreating existing finance
Which seems to be a contradiction.
lui8906 | 4 years ago
The original poster complained about:
A) Crypto being too volatile B) Crypto recreating existing finance
Which seems to be a contradiction.
asimpletune|4 years ago
I think the original complaint was it's volatile, to which the solution was "well use this one tied to the dollar"... well what about the ones that aren't volatile and aren't tied to the dollar?
(They don't exist, which was the whole point)
long_time_gone|4 years ago
The point was that each individual criticism of crypto (speed, instability, energy efficiency) brings a new solution which seemingly recreates an existing financial function or institution. This is the logical thing to do as it increases trust in crypto and speeds adoption. However, in the end, we have a crypto economy stabilized and supported by the exact institutions it was supposed to displace.