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A comment on Hard Problems in Cryptocurrency: Five Years Later. Parent comment

Re:Hard Problems in Cryptocurrency: Five Years Later by rmtech on Sunday November 24, 2019 @08:36AM (#21620318)
> You know, the “currency” problems and not the “crypto” problems.

You seem to be looking for fiat currency, that already exists.

The point of cryptocurrency is that not everyone wants fiat, some people place more of a priority on certain things and less on certain other things.

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Re:Hard Problems in Cryptocurrency: Five Years Later by hannasanarion on Sunday November 24, 2019 @11:16AM (#21621292)
I don't think you know what the word "fiat" means. Crypto is fiat currency. It's backed by nothing but wasted electricity and a lucky guess. You can't trade it in for anything of value.
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Re:Hard Problems in Cryptocurrency: Five Years Later by rmtech on Sunday November 24, 2019 @11:29AM (#21621404)
I do know what fiat means, and my meaning in this context is government-issued fiat such as dollars, pounds, euros, etc, though I think that was pretty clear to everyone else!
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Re:Hard Problems in Cryptocurrency: Five Years Later by hanniabu on Sunday November 24, 2019 @12:28PM (#21621860)
Gold is backed by nothing but scarcity, high energy costs to mine it, and utility. That's no different than ethereum.
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Re:Hard Problems in Cryptocurrency: Five Years Later by arcticbull on Sunday November 24, 2019 @10:17PM (#21625165)
Except the scarcity of digital assets is all pretend, since you can just fork Ethereum and make your own. You can't fork gold.
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