Quote:
Originally Posted by indes
Anyone who thinks fiat is going to beat out crypto is going to be sorely mistaken.
|
I'm not sure it's a competition that is needed, the Canadian Central Bank has been looking at converting Canadian money to digital assets for a very long time, even longer than Bitcoin. They have a program to study the integration of a crypto asset, which is interchangeable with the Canadian Dollar. I actually think we will see a hybrid model of currency come out sooner or later where a digital asset is interchangeable with the currency in a 1-1 fashion. Though what I'm not confident in is blockchain winning out for the digital asset, for decentralized digital assets, it is a good system and the pros out weight the cons, for centralized digital assets it is terribly inefficient, and many of the pros just aren't needed.
We also don't need crypto assets to beat currencies, they can live together.
Quote:
|
There are others like Propy who want to tokenizer real estate, Vechain who is attempting to shore up supply chain management.
|
NFTs for tracking ownership assets, and a network that supported ledgers for supply chain management are two excellent examples of what cryptocurrency could do.
Quote:
|
ETH is right there with it, with its lagging transaction times and high gas fees
|
The development team just can't get out of their way