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 …
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Replying to @NickSzabo4
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?
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Replying to @_Vimothy_
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.
2 replies 17 retweets 56 likes
Replying to @NickSzabo4
in other words, that doesn't really answer the question.
4:27 PM - 12 Jan 2018
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