• zalgotext@sh.itjust.works
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    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
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      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.