Yes it’s decentralized and very hard to stop to parties from making a crypto transaction. But what about cases where you need to convert your crypto to say euros because the person/business you need to pay doesn’t accept crypto? Don’t you need an exchange for that?
How easy/ widely accepted is it to pay for things using crypto (gas, rent, mortgage etc.)?
The point I was trying to make is that if paying for stuff in crypto isn’t ubiquitous, it’s far less practical as a form of currency.
Not agreeing or disagreeing, but just a note that the alternstive to exchanges is peer to peer trading of cash/crypto where two individuals agree to swap. Obviously a lot more tedious and hard to do that, but with the right tools and mass adoption it could be feesible.
If the government wants to ban crypto all together though, i doubt any solution could exist.
Yes it’s decentralized and very hard to stop to parties from making a crypto transaction. But what about cases where you need to convert your crypto to say euros because the person/business you need to pay doesn’t accept crypto? Don’t you need an exchange for that?
How easy/ widely accepted is it to pay for things using crypto (gas, rent, mortgage etc.)?
The point I was trying to make is that if paying for stuff in crypto isn’t ubiquitous, it’s far less practical as a form of currency.
Not agreeing or disagreeing, but just a note that the alternstive to exchanges is peer to peer trading of cash/crypto where two individuals agree to swap. Obviously a lot more tedious and hard to do that, but with the right tools and mass adoption it could be feesible.
If the government wants to ban crypto all together though, i doubt any solution could exist.