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Resource type: Book Chapter DOI: 10.1007/978-1-4842-8321-9_6 ID no. (ISBN etc.): 978-1-4842-8321-9 BibTeX citation key: Gomzin2022 View all bibliographic details |
Categories: Monero-focused Creators: Gomzin Publisher: Apress (Berkeley, CA) Collection: Crypto Basics: A Nontechnical Introduction to Creating Your Own Money for Investors and Inventors |
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Attachments Slava Gomzin - Crypto Basics_ A Nontechnical Introduction to Creating Your Own Money for Investors and Inventors-Apress (2022).pdf [37/1632] | URLs https://doi.org/10 ... 78-1-4842-8321-9_6 |
Abstract |
Disruptive technology means that we keep the benefits of the existing things and enjoy the new tech's advantages. Let's take electric cars as an example. They provide all the benefits of traditional gasoline cars -- they can drive, have a somewhat comparable price, and are still as safe and convenient as the best ``dirty'' cars. But on top of that, electric cars are ``green'' and less noisy. If we follow this logic, which can be observed with any other innovative technology, the new payment systems based on crypto must provide all the benefits of the traditional banking system and plastic cards, even before we get decentralization, universal access, and other new features.
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