• technocrit@lemmy.dbzer0.com
    2·
    2 days ago

    If a state converted from paper money to crypto, the only discernible differences would be like more computers, more transparency, less middlemen, etc. Crypto is literally just a new (distributed, open) form of accounting.

    • zalgotext@sh.itjust.works
      1·
      2 days ago

      Sure, and that would make that cryptocurrency a fiat currency.

      *Also, it’s not even close to being new, the idea of distributed ledgers has been around for decades at this point.