>>13927729money. what is money? a unit of account? a store of value? money is not useful, except as a way to count, to hold value - not because it is uniquely valuable or useful, but because it is fungible, countable, sharable, known to all to be money. How does fiat accomplish this? With mountains of debt, and the promise of only ever more debt. Fiat money accomplishes this by having money be not very divisible, by making it out of paper or coins, making it heavy, increasing the price of all goods by over 5%. To fix these issues, companies devised cards, pieces of plastic one could use instead. These companies then charged 5% to the businesses that used them. The businesses accepted, as a 5% fee is less than the price already paid to handle money. No longer would the company spend so much time and money hiring people to take away the cash, buying gas to take the cash away, hiring people to count and deposit the cash, and so on, but you see the flaws in this system, the problem is not solved, it is moved, expanded even.
What is crypto? There are thousands of them. Many are extremely fast. Your credit card takes days to process, the merchant is waiting this entire time for his money, even as you have left with all the goods. The money takes days to process, it has to be taken to the bank, counted, stored, electronically made note of, and electronically wired if spent, likely sent electronically and later, physically in bulk to another bank several times. The crypto does it all in one step in minutes or even seconds, at a fraction of the cost, with no trucks or vans or guards or vaults or banks or governments or swindlers or crooks or payment processors or companies.
