mr_windfrog
Joined 1 year ago
Joined 1 year ago
But the more I look into it, the more I wonder: if one Bitcoin can be split into 0.1, 0.01, 0.001 or even smaller fractions for transactions, doesn't that kind of undermine the whole “fixed total supply” idea?
Also, sure, cryptocurrencies are decentralized in theory and the transactions are hard to trace. But at the end of the day, anyone holding crypt is still very much under the control of governments. You can't magically escape regulations or enforcement just because the currency is "decentralized." It's an interesting tension between theory and reality that I don't think enough people talk about.
Hardware's top-notch, and hopefully this opens the door for better UI and AI without messing with what already works.
Would this actually work, or am I missing something?
Right now the incentive structure is backwards. As long as the downside is fixed and small, large retailers will keep treating it as business-as-usual. A tiered system tied to repeated violations would at least push them toward actually fixing the issue, instead of just shrugging it off every time they get caught.