Quote from: paxmao on Today at 10:20:34 PM

Dear guy, if you want standard monetary policies and tools that allow standard monetary policies why would you need anything like Ethereum, BNB or any crypto? You already have fiat and ordinary central banks for that. Bitcoin is for people who precisely do not want anything to do with what you call standard monetary policy, because that policy and system is based on inflation, monopoly money, banks that hold an undue influence in the economy and politicians who cannot think beyond their electoral period.

Why would you need to replicate that, it is already there.

Bitcoin is already a global currency and it is perfectly fine sharing the space with traditional fiat. It does not need to be officially recognised, because we ("we the people") have already decided to accept it.

Bitcoin is, as of now, not intended to pay for coffee. Nor are 500 euro bills. However it is perfect for mid-large transactions and carries less fees and is faster than international transfers, but, above all, is not controlled by any third entity in the process.

BNB is a private currency. ETH in inflationary. Please, hold as much as you want and buy as much coffee as you want with it. You have earned it.

Thanks for the answer, guy
1. I understand your idealistic views and share in the part that BTC is suitable for large transactions. But the mass economy is made up of billions of small transactions that require real cryptocurrencies with monetary policy and fast, cheap transactions, etc. At the same time, even large buyers are not always ready to wait for their turn in 50,000 transactions, and this is a big risk.
2. DeFi, as a real crypto economy, does not even use BTC (except for the wrapped) and this once again proves that BTC is not a currency, but a prototype of a currency and a store of value, and not daily payments.
3. What exactly are crypto currencies for and their difference from fiat currencies I think it will become clear to you if you study the principle of the blockchain, its openness of the database and the possibility of building DeFi, DEX, NFT and other systems on them.
4. I am not trying to downplay the importance of BTC in the formation and popularization of the crypto economy, but I am trying to look to the future and see the prospects for the currencies of a really massive crypto economy and their monetary policy. The use of such currencies does not contradict the use of BTC in some rare cases of large transactions and extreme libertarians