Cryptocurrencies

[CoccoBill]

Do you know how many times someone has tried to fix something they thought was broken and failed? Communism springs to mind.

"Don't try to fix something unless it's completely broken and if at first you don't succeed, never try again." --Poop, 2021

So, I am pointing out that being able to describe how something is fundamentally broken and how the putative replacement fixes that problem without introducing a whole new set of problems is a necessary precursor to taking steps to replace/fix it. Just saying it's broken and asking others to take that on faith doesn't cut it.

I recall you admitting the current system isn't optimal. That in and of itself is reason enough to try to improve. Afaik we haven't been tasked with designing a new system, we're just discussing if something new could be helpful.

[Poopadoop]

"Don't try to fix something unless it's completely broken and if at first you don't succeed, never try again." --Poop, 2021

Nice reductio ad bananum there. I almost miss that.

Change it to "don't completely replace a complex system just because you can dream of a better way, because you don't know what you're getting," and that would be a fairer representation of my point.

I recall you admitting the current system isn't optimal. That in and of itself is reason enough to try to improve. Afaik we haven't been tasked with designing a new system, we're just discussing if something new could be helpful.

Sure, try to improve. But there's lot of ways to improve something without necessarily demolishing and replacing it.

Moreover, I also said crypto could certainly serve as a useful supplement to fiat, the way it does now. I just don't see any convincing arguments for why it should replace it entirely. You can try to mock that pov all you like, but that doesn't make your argument any better - on the contrary, it suggests you don't have any real arguments to make.