cm0002@lemmy.world to memes@lemmy.world · 1 day agoEtherium logo finally makes senselemmy.mlexternal-linkmessage-square97fedilinkarrow-up11.52Karrow-down119cross-posted to: [email protected]
arrow-up11.5Karrow-down1external-linkEtherium logo finally makes senselemmy.mlcm0002@lemmy.world to memes@lemmy.world · 1 day agomessage-square97fedilinkcross-posted to: [email protected]
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkarrow-up2·edit-218 hours agoIf 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.
minus-squarezalgotext@sh.itjust.workslinkfedilinkarrow-up1·edit-218 hours agoSure, 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.
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.
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.