Sep 2, 2018 · 1 min read
Instead of trusting the US government backed dollar, or the Yuan I can use in WeChat, backed by the Chinese government, I’m going to use a currency backed by a few guys in Russia?
They will decide the monetary policy?
They will decide the roadmap and development?
Is this what you want? to replace governments with companies?
The point of a decentralized, censorship resistant, immutable currency is that you don’t need to trust Nikolai or Pavel, Vitalik or Dan Larimer, you trust no one.
“Blockchain” may have other use cases other than currency, but for currency we have Bitcoin.
