Comment on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

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Allero@lemmy.today ⁨1⁩ ⁨week⁩ ago

Not really.

  1. Emission is uncontrollable, which is actually bad as central banks lose control over inflation
  2. 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
  3. Deflationary crypto heavily disincentivizes any spending, bringing economy to a halt

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