Tech bros: we're gonna change the world with untraceable, low-latency, digital currency! Narrator: it was none of those things, in the end, but they did "change the world"...https://twitter.com/EricHolthaus/status/938114707160027137 …
Right. Useful currencies don't have massive volatility in purchasing power (which is one of the roles central banks play).
-
-
Agree Bitcoin is way too volatile currently to consider currency. Other competitors are doing a little better, but it's still very early. I think we will get there. The currency use case is definitely the hardest by far to crack.
-
It's worse than that: purchasing-power volatility is *built in* to most of these systems. You can't say "audit the Fed!" and then imagine that somehow crypto-whatever-these-things-are will deliver us from inflation (volatility) with zero evidence.
- 9 more replies
New conversation -
-
-
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.
& Web Standards TL; Blink API OWNER
Named PWAs w/
DMs open. Tweets my own; press@google.com for official comms.