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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by kurtisc on Thursday February 14, 2019 @01:53PM (#19164683)
So what happens when a mistake happens on the blockchain?

>The fiat money that you hold is being constantly diluted without your knowledge

I think most people here are aware of inflation

Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by jondubois on Thursday February 14, 2019 @02:40PM (#19165206)
>> So what happens when a mistake happens on the blockchain?

Most popular Blockchains haven't had any major issues in years. Some projects have had bugs which lead to the network stopping for a few minutes but no lost funds.

>> I think most people here are aware of inflation

How much new money did the Fed inject into the US economy in the last decade?

According to some sources, at least 9 trillion. https://money.cnn.com/2016/09/08/news/economy/central-banks-...

Based on the constantly growing corporate sector, we know who ended up with most of that money: Big corporations and their shareholders.

They got most of that money by locking other people out of opportunities. That is the primary business of corporations today; monopolizing financial channels where the money flows easily and letting hard working individuals fight for the scraps.

Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by kurtisc on Thursday February 14, 2019 @03:39PM (#19165762)
I don't mean the blockchains, I mean the users. What if someone makes a typo?

I'm not a part of the US economy though.

Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by elamje on Thursday February 14, 2019 @02:06PM (#19164820)
You left out the part where the rich elites all know that the earth is actually flat.