Re:In defense of cryptocurrency
by m00dy on Friday June 10, 2022 @01:14PM
(#31696902)
Let me tell you something obvious. The credit system is doomed to fail, and it is not working. This blockchain thingy, defi, NFTs, now we might have a chance to build a better financial system. And yes, those two houses may be valued differently, but trust me, Some of the smart-ass people I know are working in crypto like there is no tomorrow. I'm sure we will solve this minor issue on the way.
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Re:In defense of cryptocurrency
by hnthrow1010 on Friday June 10, 2022 @03:44PM
(#31698587)
>Now we might have a chance to build a better financial system.
Not with blockchains we don't. They're also doomed to fail, and not working. A system where your money loses 25% of its value in a day its completely unusable for a mortgage. Saying "I'm sure the problem will be solved" doesn't mean anything, you could say the same thing about a credit system.