Re:MasterCard to open up network to cryptocurrencies
by PragmaticPulp on Thursday February 11, 2021 @07:13PM
(#26109334)
Stablecoins are, in theory, just a cryptocurrency representation of actual money in the bank somewhere.
I'm all for it, if it's properly audited and confirmed that the funds are in place.
I'm a huge proponent of cryptocurrency technology as long as it doesn't:
1) Depend on wasting ever-increasing amounts of electricity doing arbitrary useless proof-of-work
2) Create a new currency out of thin air, when all we really want is a way to move our existing money around. I don't want to have to buy an arbitrary cryptocurrency from some early adopters at an inflated price just to move my USD from point A to point B.
I'm all for it, if it's properly audited and confirmed that the funds are in place.
I'm a huge proponent of cryptocurrency technology as long as it doesn't:
1) Depend on wasting ever-increasing amounts of electricity doing arbitrary useless proof-of-work
2) Create a new currency out of thin air, when all we really want is a way to move our existing money around. I don't want to have to buy an arbitrary cryptocurrency from some early adopters at an inflated price just to move my USD from point A to point B.