Re:MasterCard to open up network to cryptocurrencies
by ric2b on Tuesday February 16, 2021 @05:56PM
(#26159865)
> No one mails paper dollar bills around.
Right, and that somehow didn't stop USD credit cards from existing.
But for BTC it's either the base chain is better for every single use case or it's a giant waste of time.
> USD isn't literally built on top of paper money.
Right, there's also virtual USD and then there's all the USD above M1 that doesn't even exist as physical dollars or Fed reserves but is just willed into existence via debt.
> Cryptocurrency, however, is literally invented out of thin air by programmers.
As opposed to being invented out of thin air by bankers. At least BTC is publicly auditable and verifiable.
> New cryptocurrencies are released every week. Even Bitcoin gets forked at times.
So what? You can start making PragmaticPulpDollars, how is that a problem for USD?
Right, and that somehow didn't stop USD credit cards from existing.
But for BTC it's either the base chain is better for every single use case or it's a giant waste of time.
> USD isn't literally built on top of paper money.
Right, there's also virtual USD and then there's all the USD above M1 that doesn't even exist as physical dollars or Fed reserves but is just willed into existence via debt.
> Cryptocurrency, however, is literally invented out of thin air by programmers.
As opposed to being invented out of thin air by bankers. At least BTC is publicly auditable and verifiable.
> New cryptocurrencies are released every week. Even Bitcoin gets forked at times.
So what? You can start making PragmaticPulpDollars, how is that a problem for USD?