Serious question, why do we give so much power to these tech firms such as Google, when really the solution is decentralization. We have some solutions for money with bitcoin, but there still doesn’t seem to be a viable alternative with a search engine that is decentralized?
I really like Nano for this exact reason (and quick/feeless payments ofc). Bitcoin is just too powerhungry… But who knows if any cryptocurrency could ever reliably replace fiat.
The answer is never. Pretty much no one is able to keep a private both secret AND not lose it for a long period of time. It’s not a problem when people lose their PGP keys for example, as they can always create a new one and tell people to use the new one, but with crypto, losing your key means losing your money. Imagine if you lost your bank account because your computer burned in a house fire and you never backed-up your key. If cryptocurrencies became the norm, that would happen to way to many people.
Bitcoin is digital cash - this is a quite complete analogy.
Like cash, you can keep it in your possession, so you can lose it in a fire, or else you can put it in a bank.
So you rely on a bank for your transactions, completely negating the only benefits of cryptocurrencies.
Nah there are lots of benefits, both for the society and the individual. That’s getting off topic though.
I’m just saying you have options. You can have the same anti fire security as with fiat. In fact you can do all the same things with crypto as you can do with fiat cash, if you want to.