Hacker News Reader

Have you considered our liquid coin and solvent savior $randoCoin? It has a current market cap of $volumeLargerThanTheEconomyOfSmallNationYouveNeverHeardOf

(Because surely someone was going to bring it up)

View on HN

Yeah..but like most here I didn't want to be the one to bark about crypto. The settlement tech and security of crypto absolutly sucks.

Why would you choose a financial instrument that's only a few years old to replace the US Dollar?

There are some primary use cases that crypto solves in regards to international monetary transactions, but there are big questions in terms of technological maturity, and most especially around governance.

I love crypto, I think its potentially transformational. But it just isn't a contender yet. It needs to scale and it needs to mature.

And we already have gold, which nobody wants to use because it doesn't allow governments to inflate at will. The exact same problem the cryptocurrencies have. What we see as a benefit, governments see as a drawback.

Reply on news.ycombinator.com