Comment on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
Allero@lemmy.today 1 week agoNot really.
- Emission is uncontrollable, which is actually bad as central banks lose control over inflation
- Crypto can be easily obscured and moved everywhere, which means bad actors could easily convert their crypto to, say, Monero and move it out without raising alarms
- Deflationary crypto heavily disincentivizes any spending, bringing economy to a halt