Until either an EMP happens, or the worlds Internet is broken apart into regions, because of war; then, there will be disjointed wallets in different regions, and each region will adopt its own protocols, etc.
The "decentralized" mantra isn't only unworkable, but it's been fundamentally dishonest since forever.
How are you going to move your 'blockchain' without the government-monopoly "internet"? That looks pretty 'centralized' to me.
Once you're locked out of 1984.net, the only alternative is schlepping your 'blockchain' around on USB-sticks between air-gapped laptops in BarterTowns.
The principle is ok, but if the government decides to outlaw crypto, meaning to prevent them from being used officially by businesses they can regulate, it will be over for crypto.
Every single currency that isn't physical and non-fiat is the same. But even commodities like gold or silver... if they put heads together and decide to make them worthless, who is to stop it? They are able to make freakin water into gold via regulation and sheep compliance, the most abundant resource we have.
Until either an EMP happens, or the worlds Internet is broken apart into regions, because of war; then, there will be disjointed wallets in different regions, and each region will adopt its own protocols, etc.
The "decentralized" mantra isn't only unworkable, but it's been fundamentally dishonest since forever.
How are you going to move your 'blockchain' without the government-monopoly "internet"? That looks pretty 'centralized' to me.
Once you're locked out of 1984.net, the only alternative is schlepping your 'blockchain' around on USB-sticks between air-gapped laptops in BarterTowns.
electric money is the stupidest thing ever invented...
fiat is back up by nothing..
it says "legal tender" .. not "legal money"
SHTF .. no one cares about cash...
every one likes cash till it cost 100$ for a loaf of bread
did you not read the comment?
"SHTF..."
Invented to naturalize morons to an electronic currency controlled by governments.
There are decentralized exchanges currently up and running right now.
The principle is ok, but if the government decides to outlaw crypto, meaning to prevent them from being used officially by businesses they can regulate, it will be over for crypto.
You might have to go all the way back to the old reddit days to find my I told you so on this one.
Two countries.
Every single currency that isn't physical and non-fiat is the same. But even commodities like gold or silver... if they put heads together and decide to make them worthless, who is to stop it? They are able to make freakin water into gold via regulation and sheep compliance, the most abundant resource we have.
Its all one big casino, and you aint in it :P