Answer, it gets around the multi-step fiat transfer protocol as that jams the escrow machine. Sandbox needs digital bearer cash, the stable coins tethered to fiat is a work-around until central banking provides a digital bearer cash format.
The bearer cash network needs consistency check on bearer assets, and blockchain is handy. But finite consistency is all we need, secure bearer assets for duration of trade sequence.
If your cryptocurrency requires you to trust banks to give you fiat currency, you could just have a bank account. What problem does this solve? If you trust fiat currencies to hold their value better than cryptocurrencies, and you trust commercial banks to keep your deposits safe, why slather an extra layer of blockchain guff over your fiat bank deposits?
No comments:
Post a Comment