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A comment on Russian central bank confirms block on foreign bids to sell Russian securities. Parent comment

Re:Russian central bank confirms block on foreign bids to se... by mjburgess on Monday February 28, 2022 @08:22AM (#30499509)
If you want to propose a non-state currency which can rival state-backed ones, solves problems, etc. please go ahead.

crypto ain't it

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Re:Russian central bank confirms block on foreign bids to se... by rmbyrro on Monday February 28, 2022 @08:33AM (#30499604)
I don't follow. Do you see crypto as state-backed or allied to state-backed currencies?
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Re:Russian central bank confirms block on foreign bids to se... by revscat on Monday February 28, 2022 @08:41AM (#30499684)
Neither. Just trash.
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Re:Russian central bank confirms block on foreign bids to se... by rmbyrro on Monday February 28, 2022 @09:06AM (#30499909)
OP is in favor of:

A) "non-state currency"

B) currency that "rival state-backed ones"

C) "solves problems"

One could argue cryptocurrencies don't solve any problem (good luck convincing Russians and Argentinians, but anyway). But they are "non-state" and they "rival state-backed" currencies.

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Re:Russian central bank confirms block on foreign bids to se... by InitialLastName on Monday February 28, 2022 @09:31AM (#30500196)
Cryptocurrencies are absolutely a "non-state" and "rival state-backed" asset class, but I'd say it's mostly arguable, given the instability, illiquidity, and general inability (in most places) to exchange crypto for goods and services, whether they are "currencies".
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