insite t1_j1bakod wrote on December 23, 2022 at 1:00 AM

Reply to comment by Dan_Felder in The Metaverse: More Hype Than Substance? by dogonix

Blockchain is not a cryptocurrency. Cryptocurrencies are not blockchain; blockchain is their primary underlying technology. Blockchain is being integrated into most industries in some way or another, and it's already being used on large parts of the web.

The US has a digital currency in the works. It is not a crypocurrency either - rather a CBDC, or Central Bank Digital Currency. For a purely digital currency to exist requires a more closed-loop system. Blockchain is a critical technology in making that possible.

Dan_Felder t1_j1bck36 wrote on December 23, 2022 at 1:15 AM

Blockchain is not necessary in making a purely digital currency. They exist in videogames all the time. Money laundering even happens through buying and selling videogame currencies or items.