
2018-7-18 15:43 |
In an imagined future world of cryptocurrencies, fallible and politically influenced central bankers are replaced with algorithms and currencies get more valuable over time, not less so.
Even if cryptocurrencies continue to grow (and they most likely will), if we want blockchains to deliver upon their promise, we must be able to transact using traditional fiat currencies.
Traditional enterprises generate most of their revenue in those currencies and they also handle all their debts and payments in the same currencies.
Ultimately, this means billions of dollars in tokenized fiat currencies must be available on the public blockchains to facilitate these transactions and payments.
It also means that private central-banking blockchains are not necessarily likely to have a big role ahead.
Chronobank (TIME) на Currencies.ru
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