Re:Cryptocurrencies – An Assessment by Reserve Bank of India
by eric_cc on Wednesday February 16, 2022 @12:38PM
(#30362974)
> It’s very telling that you’re ignoring half of my questions in every response.
I've enjoyed this thread but I can only provide it so much time and effort. Hopefully, you will find other sources to help answer your questions.
> Who is forcing them to transition? Is it the government? Why did the government change currencies to crypto, without aiding their citizens?
Free markets & will-toward-freedom forces the change. In theory, governments could accumulate crypto now and airdrop it to citizens later.
> Again, you’ve ignored my question about supply and how to sustainably on-ramp the entire world populace into crypto.
There is no such God-like control over this transition. I've clearly stated that I don't believe it will be pretty and equitable. It will be messy and chaotic.
I've enjoyed this thread but I can only provide it so much time and effort. Hopefully, you will find other sources to help answer your questions.
> Who is forcing them to transition? Is it the government? Why did the government change currencies to crypto, without aiding their citizens?
Free markets & will-toward-freedom forces the change. In theory, governments could accumulate crypto now and airdrop it to citizens later.
> Again, you’ve ignored my question about supply and how to sustainably on-ramp the entire world populace into crypto.
There is no such God-like control over this transition. I've clearly stated that I don't believe it will be pretty and equitable. It will be messy and chaotic.