Comment

Comment by oblio

> One is a threat to the actual dominance of the present global financial system, one very loudly pretends to be but is in fact hijacked by said global financial system in order to implement their policy goals with a populist cover story.

Quick, how do I:

1. Pay for groceries with crypto? Is the transaction cost higher or lower than with current systems?

2. Take out a loan to buy a car with crypto?

3. Get a mortgage for a house?

4. Get a huge loan to buy a container ship for my company?

Do you even <<know>> what the "global financial system" does, besides work with currencies (which is more or less the only angle covered by cryptocurrencies)?

parent oblio 3 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton