Right, but is that not merely because cryptocurrency is a nascent technology?
The modern financial system has required an insane amount of capital (energy, resource, human) in order to get where it is.
It seems very Luddite to think that the pure-digital system is not more than capable of outpacing (in terms of efficiency and effectiveness) a system that involves massive amounts of human capital, when that (humans > machines) has literally never happened in human history in the long-term.
The modern financial system has required an insane amount of capital (energy, resource, human) in order to get where it is.
It seems very Luddite to think that the pure-digital system is not more than capable of outpacing (in terms of efficiency and effectiveness) a system that involves massive amounts of human capital, when that (humans > machines) has literally never happened in human history in the long-term.