zalgotext

I can't answer for anyone but myself, and I'm not European, but I absolutely trust government more than anonymous obsessive Internet people. At least governments are theoretically held in check by those they govern. Internet randos don't play by anyone's rules but their own.

Right, and I'm not arguing that cryptocurrency doesn't have value, just that it's value is based on a much less solid foundation than the value of fiat currency.

Sure, and that would make that cryptocurrency a fiat currency.

*Also, it's not even close to being new, the idea of distributed ledgers has been around for decades at this point.

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.

Eh, it's also the thing that makes it so vulnerable to speculation, shitcoin, scams, and nft bullshit

Basically all modern money is based on faith, including crypto.

Ok, sure, however, fiat currencies are based on the faith that there's at least one entire nation that you can use your currency in, and is motivated to ensure their currency is worth something, and has some semblance of stability. Crypto is based on the faith that there's other dumbasses out there that will agree with you that these particular bits hold value for some reason.

use that data to improve the design

I think they skip this step more often than they should

Man, if only there were something all those smart people at SpaceX could do to make rockets exploding be an unexpected thing... oh well, back to brute forcing their way to a solution I guess

Alright bud, it's obvious you're just interested in being a contrarian and not actual productive conversation, so see ya 👉

First of all, follow the thread brother, I'm not the same person you originally replied to.

Second of all, this article is just as much about capitalism as it is about "tech". If you actually read the article and just thought "this is just about tech" and not "this is about tech and how it has leaked unnecessarily into nearly every transaction", then IDK what to tell you

How was that your takeaway from this thread