Re:Why I’m Cryptophobic
by catlifeonmars on Thursday July 14, 2022 @10:26AM
(#32096469)
Curious, do “modern” cryptocurrencies (aka not bitcoin) still tightly couple money creation and transactions? I feel like this would be a blocker to being able to use a cryptocurrency as an automated economic manager directly (although perhaps this could be mitigated by using derivative currencies backed by the primary cryptocurrency).
Governments are made of individual actors, in the US these are often buying cryptocurrency. Their friends have invested in and built cryptocurrency companies. They hold investments in cryptocurrency companies.
Cryptocurrency IS the capacitor you're talking about, the policy of the US is showing this more weekly.