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Roko
@rokomijic
The name "Cryptocurrency" is a misnomer. Cryptocurrencies are not actually currencies, even though they are based on cryptography rather than violence. They're crypto-based versions of precious metals, bonds and stocks. They should actually be called Cryptometals and Cryptobonds and Cryptostocks.
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Roko
@rokomijic
An actual crypto-currency is the hardest crypto-asset to make and so far nobody has actually made one. Well, there were attempts like $DAI before it added dollars as collateral, and $RAI that has very little adoption (and a future clone of RAI called HAI might be the most interesting attempt at cryptocurrency).
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Roko
@rokomijic
Why is it hard to make a Cryptoasset that can be used as currency? Well, for one thing, there isn't actually much demand for it! People don't need a Cryptocurrency. Fiat currency works, mostly. What people really need is Cryptometal.
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