Ethereum 2.0 – Minimum deposit reached

Re:Ethereum 2.0 – Minimum deposit reached by pclmulqdq on Tuesday November 24, 2020 @09:12PM (#25205253)

These are all really good points, but there's some nuance missing in this view. There is actually a fairly narrow slice of the financial world that you don't like, specifically central banking and fiat currency.

Currently, crypto traders are busy learning that all the rest of the financial world, including things like credit and financial derivatives (encapsulated in smart contracts), can still apply to cryptocurrencies.

Things like consumer credit and fractional reserve banking will show up in crypto soon (if they haven't already). It's just a matter of trusted entities offering specific smart contracts.

The one thing I really dislike about most crypto is the traceability: unless you use privacy coins (which themselves have dubious security claims), every transaction is 100% traceable.

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Re:Ethereum 2.0 – Minimum deposit reached by krageon on Thursday November 26, 2020 @07:55AM (#25219610)

I think it's too simple to say someone only dislikes part of the financial world. Even in the blockchain money space these financial instruments are not positive aspects. The fact that they can be ported into this new space is not a reason to assume they are good.

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