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idiotsecant • today at 3:57 AM • 1 reply • view on HN

No. Permissioned cryptocurrency is all the horrible parts of cash and all the horrible parts of crypto put together with none of the advantages of either.

I want crypto because I don't trust nation states with the leverage and dials of fiat currency. All we've done is replace government with trusting whoever made a particular stablecoin.

Permissionless crypto is the only real crypto.


Replies

dboreham • today at 4:14 AM

All cryptocurrency is permissioned. This is because governments can make it illegal for someone to turn your cryptocurrency into real currency. You need their permission to turn it into pizzas and yachts.

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