Re:Central Banks and Disintermediation
by gremlinsinc on Wednesday January 27, 2021 @06:31AM
(#25926961)
I feel like we're getting to this one way or another. Either via local govts like the U.S. rolling this out, or through crypto-currency, if they solve adoption, ease of use, inflation, identity, and sybil attacks-BIG IF.
It'd be nice if you could for instance use notaries to tie your SSN to a coin wallet, then have a way to regain lost keys/passwords, and if they had some fraud protection (ability to rollback transactions without fees), or insurance at the least.
The government I think has too many special interests, but syndicalists/unionists working in tandem across country-lines could create a global currency without govt control.
I've thought a lot about this, researching different technologies on bitcoin. I'm no expert in crypto by far, but what I envision would be hard - with current chains being built as far as I can tell.
Re:Central Banks and Disintermediation
by loceng on Wednesday January 27, 2021 @02:07PM
(#25932420)
Adoption of anything is "easy," and not necessary through financial incentive that Bitcoin et al are inherently structured with, via government policy requiring adoption.
It'd be nice if you could for instance use notaries to tie your SSN to a coin wallet, then have a way to regain lost keys/passwords, and if they had some fraud protection (ability to rollback transactions without fees), or insurance at the least.
The government I think has too many special interests, but syndicalists/unionists working in tandem across country-lines could create a global currency without govt control.
I've thought a lot about this, researching different technologies on bitcoin. I'm no expert in crypto by far, but what I envision would be hard - with current chains being built as far as I can tell.
Maybe in 5-10 years though.