News for hackers. Stuff that matters.

A comment on A faster, more efficient cryptocurrency. Parent comment

Re:A faster, more efficient cryptocurrency by tim333 on Tuesday February 19, 2019 @08:28AM (#19198778)
>hedge against mis-management and failure of national currency regimes

At the moment cryptocurrencies seem a good be worse than fiat. Imagine your salary or mortgage was a set number of bitcoins.

There were probably a number of initial uses imagined but if you look as Szabo's twitter pretty much the first link is The Crypto Anarchist Manifesto about circumventing government and libertarian freedom which I think was a big part of the inspiration.

(https://mobile.twitter.com/NickSzabo4/status/107401811082955... )

[ Parent | on HN ]
Re:A faster, more efficient cryptocurrency by SkyMarshal on Tuesday February 19, 2019 @09:58AM (#19199311)
They’re a hedge in that they have different failure modes than govt fiat, which means they’re a potential safe haven in the event of govt currency collapse/hyperinflation/etc. Which is part of what the cryptoanarchists wanted.

Yes they’re volatile, but they’re new, immature tech, with shallow market depth. None of those things will last forever.

[ Parent | on HN ]
Re:A faster, more efficient cryptocurrency by tim333 on Wednesday February 20, 2019 @06:52AM (#19207189)
Guess if they become accepted enough. At the moment businesses transacting with iffy countries often do the deal in USD so I guess it could be the new USD maybe.
[ Parent | on HN ]