If only there was some kind of decentralized technology that allowed us to move value between two independent entities in a trustless manner, at very low cost and very very fast.
No, I'm not talking about the POC that the pseudonimus guy proposed. Maybe something later that actually scales... a man can only wish that such technology will be invented sometime in the future.
I imagine this currently would be deflationary and be a superb store of value to keep inflation from eating away your life savings and possibly become the best performing asset of this generation.
We'll see what? Other factors are more important so I don't think the success or failure of cryptocurrencies will be a good way to prove or disprove what I'm saying.
If it's a worse currency then it would be idiotic for the world to switch to it instead of their local government's paper money or some other asset in order to conduct transactions, save money, invest, etc.
I was saying that specific feature makes it worse than if it didn't have that feature. I wasn't comparing it to any other currency.
That said there's no way in hell the world "switches" to bitcoin or ethereum. That's so much higher of a bar than a healthy market where you can buy most things.
No, I'm not talking about the POC that the pseudonimus guy proposed. Maybe something later that actually scales... a man can only wish that such technology will be invented sometime in the future.