In the words of Patrick McKenzie's tweet linking to this pdf, "Hey look, someone took the time to explain to cryptocurrency enthusiasts why the rest of us perceive money as working".
For those singing the praises of cryptocurrency I pose this question:
Say the United States decides to allow decentralized cryptocurrencies to become the dominant medium of exchange in the US; say it even gets rid of the $USD. What problem do you think this would solve? (assuming the US gov desires to continue all other operations in exactly the same manner as it does currently).
For those singing the praises of cryptocurrency I pose this question:
Say the United States decides to allow decentralized cryptocurrencies to become the dominant medium of exchange in the US; say it even gets rid of the $USD. What problem do you think this would solve? (assuming the US gov desires to continue all other operations in exactly the same manner as it does currently).