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orbat · 2298 days ago · link · · parent · post: Neither Bitcoin nor Ethereum are particularly decentralized
Are cryptocurrencies really supposed to replace "normal" money? I mean, yes, that's the vision we're often offered, but how likely is that scenario, actually? I think it's likely that DLTs (distributed ledger technology, i.e. blockchains and similar technologies) will be used as e.g. a sort of "transport layer" for money (like what Ripple is aiming to do), but I really don't think your average Jane or Joe is going to have much to do with cryptocurrencies. I made the analogy to Linux in another comment: Linux is one of the underpinnings of the information age, but 90% of people never really run into it or use it "on purpose" (but e.g. their smart fridge might have a version Linux.)