No, it will not. They are missing the financial and historical perspective here ... | Hacker News

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		willmadden on July 20, 2024 \| parent \| context \| favorite \| on: Global IT outage shows dangers of cashless society... No, it will not. They are missing the financial and historical perspective here to appreciate it.

throw0101d on July 21, 2024 [–]

> They are missing the financial and historical perspective here to appreciate it.

Or people know financial and monetary history and can see the backsliding with most cryptocurrencies:

* https://en.wikipedia.org/wiki/Private_currency

* https://archive.ph/FWKcL / https://www.theatlantic.com/business/archive/2012/08/why-the...

Nicholas Weaver once remarked that cryptocurrency is “speed-running 500 years of financial history” :

* https://ieeexplore.ieee.org/document/8425604

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