cm0002@lemmy.world to memes@lemmy.world · 2 days agoEtherium logo finally makes senselemmy.mlimagemessage-square116fedilinkarrow-up11.66Karrow-down121
arrow-up11.64Karrow-down1imageEtherium logo finally makes senselemmy.mlcm0002@lemmy.world to memes@lemmy.world · 2 days agomessage-square116fedilink
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkarrow-up2·edit-21 day 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-21 day 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.