Credit is and will remain crucial to our economy, but it always implies the possibility of default. Counterparty risk is an unavoidable part of credit, and makes it a less secure basis for a monetary system than a well-implemented and trust-minimized cryptocurrency.https://twitter.com/izakaminska/status/950820062927212545 …
-
are you simply asserting the superiority of the gold standard over the current system or is there something specific that cryptocurrency brings in your view?
A well implemented cryptocurrency, with mature holder and estate key management, is much more secure (trust-minimized) than gold in most ways, and far more efficient for moving value around the globe.
-
-
perhaps it is but surely the interesting question is whether a "well implemented cryptocurrency" can provide a more secure basis for the monetary and financial system than the alternatives, and, if so, how and why
- 1 more reply
New conversation -
-
-
in other words, that doesn't really answer the question.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.