Re:Exodus Bitcoin Wallet: $490k swindle
by andruby on Wednesday February 21, 2024 @06:45AM
(#39452653)
> The core problem is the lack of legal recourse
That is indeed the crux and the big advantage that traditional fiat currency has. And I believe that this is why crypto as a day-to-day currency won't surpase fiat.
The centralised trust and the government authority and enforcement of fiat is what enables millions of people to pay and transact so easily with strangers.
That is indeed the crux and the big advantage that traditional fiat currency has. And I believe that this is why crypto as a day-to-day currency won't surpase fiat.
The centralised trust and the government authority and enforcement of fiat is what enables millions of people to pay and transact so easily with strangers.