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A comment on Regulating Crypto: How we move forward as an industry from here. Parent comment

Re:Regulating Crypto: How we move forward as an industry fro... by psychphysic on Wednesday December 21, 2022 @08:45AM (#34080634)
Exactly! What's the blooming point?

What governments want is digital currencies, all the privacy concerns and none of the benefits of cryptos.

But, let's see if crypto can survive this pressure. Really it must be robust to this if it has any purpose.

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Re:Regulating Crypto: How we move forward as an industry fro... by epolanski on Wednesday December 21, 2022 @09:00AM (#34080812)
Currencies are already mostly digital since decades.
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Re:Regulating Crypto: How we move forward as an industry fro... by psychphysic on Wednesday December 21, 2022 @09:16AM (#34080977)
Not disagreeing but to many's surprise cash is more popular than ever.

Most of us no longer us bank notes, yet the amount in circulation climbs...[0] what's going on?

It actually probably acts like a buffer, with BOE spending the net on government assets while the notes vanish off to places we prefer not to think of

[0] https://www.bankofengland.co.uk/statistics/banknote

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Re:Regulating Crypto: How we move forward as an industry fro... by polygamous_bat on Wednesday December 21, 2022 @06:27PM (#34087758)
> Most of us no longer us bank notes, yet the amount in circulation climbs.

The plots you shared are meaningless if they are not normalized against the total money supply. I think if normalized by total amount of money in circulation the percentage would be shrinking and not growing.

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