Submitted by Walmartpancake t3_zx7mc7 in explainlikeimfive
Bomboclaat_Babylon t1_j1yt2s4 wrote
There are global currencies. USD is basically a global currency. SDRs are a global currency that logistics companies all use. Crypto will never be a global currency. It's a "gold standard" currency and too volatile. There are tokenised forms that could act as fiat, but government's need to control the printing of currency. Randos making token fiat will not manage them as well as governments. I know, I know, all government's bad, but, in reality, most are better than people like Bankman-Fried.
Viewing a single comment thread. View all comments