Re:Bitcoin: Update network descriptions to be more accurate
by beebmam on Sunday December 31, 2017 @01:57AM
(#16039701)
This comment is a perfect, concise explanation of why cryptocurrencies are strictly less ideal than fiat currency with a central bank with control over supply.
I do think cryptocurrencies do satisfy some use cases in a superior way to fiat currency. But there are some serious economic advantages that a currency with a central bank gives you that cryptocurrencies will never have (at least, the way they're currently designed).
I do think cryptocurrencies do satisfy some use cases in a superior way to fiat currency. But there are some serious economic advantages that a currency with a central bank gives you that cryptocurrencies will never have (at least, the way they're currently designed).