Anything can be used as an exchange and store or

Question

Anything can be used as an exchange and store or

value. You just have to look at the history of currency. A cowrie, a bead, or a number on the blockchain, there's really no difference. In local currencies, people make these exchanges because they know each other. The real question is how do you create this kind of trust on a global scale using blockchain tech? How do you get people to trust something they fundamentally don't understand? In the end, it will be social suasion that does it. Something like the protocol currency that gets accepted and then built out into real communities would do it. But, it's a decades long project, maybe even centuries.

#cryptocurrency #english #ergo

0

17.03.2022

5 ответов

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Snowman Jason

Armeanio
I've always thought you have to spin up local node...

in this way it could happen much faster

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17.03.2022

cafebedouin | DOES NOT DM Автор вопроса

Armeanio
I've always thought you have to spin up local node...

Probably very much like spinning up a blockchain, except much slower because this kind of change will likely require several waves of generational replacement to be accepted.

0

17.03.2022

Armeanio

cafebedouin | DOES NOT DM
Probably very much like spinning up a blockchain, ...

This will be the goal with p2p b2p tools in Nautilus. Still early though.

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17.03.2022

Noah ( Σ , Σ )

Armeanio
This will be the goal with p2p b2p tools in Nautil...

What is b2p?

0

17.03.2022