• explodicle@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    2
    ·
    7 days ago

    I’m sorry, but at this point I honestly have more faith in the latter than the former. I just don’t have any faith in America at all.

    • zalgotext@sh.itjust.works
      link
      fedilink
      arrow-up
      2
      ·
      7 days ago

      Ok I’m talking about fiat currency as a concept though, not the USD specifically.

      If your point is that fiat currencies are still vulnerable to some instability, then sure, I guess I agree, but fiat currencies are still orders of magnitude more stable than cryptocurrencies.

      • technocrit@lemmy.dbzer0.com
        link
        fedilink
        arrow-up
        0
        ·
        edit-2
        7 days ago

        If a state converted from paper money to crypto, the only discernible differences would be like more computers, more transparency, less middlemen, etc. Crypto is literally just a new (distributed, open) form of accounting.