Comment on SEC says it will deregulate cryptocurrencies with 'Project Crypto'

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rottingleaf@lemmy.world ⁨3⁩ ⁨days⁩ ago

Yes, I’ve remembered my old idea of something like an automated digital barter connected to storage space and computation provided on demand for tokens (every provider an issuer), or something else confirmed by escrow or whatever, after learning that in China 200 years ago people used non-uniform money, that is, all kinds of coins, some literally ancient still in circulation, and somehow that worked.

That wouldn’t be as convenient as uniform money as a universal equivalent, but wouldn’t have that particular kind of problem, which value manipulation via such globally meaningful action. Simply because there’d be no single variable to manipulate.

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