Why does the world economy need a new currency in order to use blockchain technology?

[Sociobiology]

If the cryptofags are right that bitcoin will be widely adopted, why can't blockchain be applied to fiscal currency instead of creating a brand new currency in order to use it?

 

[Sociobiology]

The widespread adoption BTC as world currency makes no sense and why I believe it will go to zero.

 

[Ice]

Crypto sucks, its not stable by its nature

Gold mogs

 

[Patient A]

It’s called CBDC

Soon you will use it. You will own nothing. You will be surrounded by dirty stupid immigrants that you will have to financially support.

And you will be happy.

@Ice

 

[Deleted]

Crypto sucks, its not stable by its nature

Gold mogs

Iron is where its at

 

[Deleted member 18840]

Iron is where its at

My dick in ur ass is sustanaible asf

 

[thecaste]

If the cryptofags are right that bitcoin will be widely adopted, why can't blockchain be applied to fiscal currency instead of creating a brand new currency in order to use it?

Lol you are retarded, the central principle of bitcoin is decentralization. Fiscal currencies are the exact opposite of decentralized, as they are controlled by a central bank.

 

[Chinacurry]

It doesn't, it already has what it needs, alipay and we chat pay are that, cbdc just make it more palatable for normies.

It needs am asset class that is decentralized and deflationary, not saying bitcoin is it (it may be), but it's what's needed

 

[Harold O'brien]

Decentralisation

No one controls bitcoin

 

[Sociobiology]

Decentralisation

No one controls bitcoin

It's controlled by whales.

 

[Deleted member 8355]

Bitcoin from my current knowledge could never function as a global currency. It is simply too decentralized to be controlled, which is actually a bad thing because governments will have much more limited options to control recessions for example, which could easily turn into a depression.

 

[Harold O'brien]

It's controlled by whales.

no it's not

only satoshi has enough to greatly influence the market and he's most likely dead

 

[Harold O'brien]

Bitcoin from my current knowledge could never function as a global currency. It is simply too decentralized to be controlled, which is actually a bad thing because governments will have much more limited options to control recessions for example, which could easily turn into a depression.

it's value proposition is a store of value, not a currency

 

[Deleted member 8355]

it's value proposition is a store of value, not a currency

That still wouldn’t have changed the fact that bitcoin is still too decentralized though correct? To be honest I am still very now to macroeconomics and especially bitcoin.

 

[Harold O'brien]

That still wouldn’t have changed the fact that bitcoin is still too decentralized though correct? To be honest I am still very now to macroeconomics and especially bitcoin.

decentralisation is a good thing, it can't be too decentralised

bitcoin is not trying to replace fiat

 

[Sociobiology]

no it's not

only satoshi has enough to greatly influence the market and he's most likely dead

I think his identity has been exposed as Adam Back.

 

[Harold O'brien]

I think his identity has been exposed as Adam Back.

hal finney

 

[Sociobiology]

hal finney

I meant Adam Back.

 

[Harold O'brien]

I meant Adam Back.

i'm not correcting you but adam back is wrong imo

 

[Sociobiology]

i'm not correcting you but adam back is wrong imo

mmkay