Good for them. This is exactly the supposed use case of decentralized currency.
Now we just need a decentralized currency that is not ridiculously volatile and / or subject to the kind of absurd price increases that bitcoin has, and can be spent easily and without fees, and
that isnt a scam. I'm still not convinced that anyone is even working on these requirements
> I'm still not convinced that anyone is even working on these requirements
Aren't stablecoins supposed to fix the volatility issue? I don't know how well they work in practice (or how decentralised they are), but people are working on them (and at least some of them aren't scammers).
Even if the stablecoins themselves aren't easily spent with low fees, there are people working on decentralised exchanges and low fee blockchains (and "second layer" solutions), so I'm confident that it's not a lack of intention that is preventing this outcome from being achieved.
I loved that part and I am a Canadian. After the recent actions of my government I am certainly not going to vote for anyone who supports such actions. Furthermore I am now looking at ways in which I can buy crypto as it has become apparent money isn’t exactly safe in an account so am considering what to buy as a backup plan in case our dollar does become devalued. I can only imagine these actions strengthen the value of things like bitcoin. Still hard to exchange into fiat but I’m sure there are ways around that too.
version_five|4 years ago
Now we just need a decentralized currency that is not ridiculously volatile and / or subject to the kind of absurd price increases that bitcoin has, and can be spent easily and without fees, and that isnt a scam. I'm still not convinced that anyone is even working on these requirements
dane-pgp|4 years ago
Aren't stablecoins supposed to fix the volatility issue? I don't know how well they work in practice (or how decentralised they are), but people are working on them (and at least some of them aren't scammers).
Even if the stablecoins themselves aren't easily spent with low fees, there are people working on decentralised exchanges and low fee blockchains (and "second layer" solutions), so I'm confident that it's not a lack of intention that is preventing this outcome from being achieved.
https://www.bitcoinmarketjournal.com/stablecoins/
danuker|4 years ago
Poking fun at the legitimacy of a national currency in the face of a judge paid in said currency.
14|4 years ago
3tqtlkjlearg|4 years ago
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