Re:Coinbase lets you convert your tokens into gift cards
by olivermarks on Thursday July 26, 2018 @11:51AM
(#17618400)
A separate point, have you ever considered who issues 'dollars' and what they represent?
https://www.investopedia.com/terms/f/fiatmoney.asp
The current era of fiat currencies is likely to shift dramatically IMO
https://www.investopedia.com/terms/f/federalreservesystem.as...
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Re:Coinbase lets you convert your tokens into gift cards
by CPLX on Thursday July 26, 2018 @02:14PM
(#17619552)
Yes they are backed by the U.S. Government, the most powerful organization in the history of world civilization. They are a representation of a claim on wealth by the entity that holds a monopoly on the legal use of violence to compel people to accept said currency as a medium of exchange.
So, like, pretty much what I am looking for when I need to buy stuff.
Re:Coinbase lets you convert your tokens into gift cards
by cryptobeanbaby on Thursday July 26, 2018 @04:14PM
(#17620562)
If you're suggesting cryptocurrencies like Bitcoin or Ethereum would replace fiat, then I have a new cryptocurrency to sell you.