They do make a good way to exchange between different currencies in countries where that would otherwise be very difficult/illegal.
In general though, blockchain is a brilliant solution to a particular problem (decentralization). For most things having a trusted central system of record is a better solution.
I feel that way about currency too. 🤷🏻♂️ Then again, outside of my 401k, I don’t have any financial investments, so I’m a terrible source of financial advice.
They do make a good way to exchange between different currencies in countries where that would otherwise be very difficult/illegal.
In general though, blockchain is a brilliant solution to a particular problem (decentralization). For most things having a trusted central system of record is a better solution.
I feel that way about currency too. 🤷🏻♂️ Then again, outside of my 401k, I don’t have any financial investments, so I’m a terrible source of financial advice.
Thanks for the reply.
I did not understand this part. How do you feel about currency?
I think currency is best when it is backed by a central authority.