tag:blogger.com,1999:blog-3722233.post1929264998273205739..comments2024-03-28T14:56:46.834-05:00Comments on Computational Complexity: Cryptocurrency, Blockchains and NFTsLance Fortnowhttp://www.blogger.com/profile/06752030912874378610noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3722233.post-38591354592769633062021-05-13T08:18:53.274-05:002021-05-13T08:18:53.274-05:00Bad things can happen also for a currency under go...Bad things can happen also for a currency under governmental control. For one thing, the government can decide to suddenly print lots and lots of it. Governance in a democracy is fickle.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3722233.post-91514476135907920482021-05-13T07:43:50.363-05:002021-05-13T07:43:50.363-05:00Lance, good post. You are touching on
points that...Lance, good post. You are touching on <br />points that each deserve their own posts :)<br />That said, let's zoom in on this one...<br />> Cryptocurrency spending is simply too slow<br />Well, 'balance transfers' of crypto (even BTC)<br />is much faster than a typical credit card balance<br />transfer which typically takes 3-6 [business] days <br />(don't quote me on this). <br />So from a conceptual perspective, transferring wealth,<br />it's almost 'instantaneous' compared to traditional CC <br />transactions. (Of course nothing [but inflation] beats cash.)<br />EGnoreply@blogger.com