Don't Ban Crypto! The Case for Pro-Innovation Regulation
The Breakdown
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The Benefits of Cryptocurrency
Many of the most hyped innovations, including central bank digital currencies, do not require a blockchain at all. The consensus mechanisms that make blockchains work are inherently less efficient and more costly than centralized alternatives. Crypto has been an inflation hedge for many struggling families holding hyperinflationary non-dollar currencies. Many decentralized finance applications remove trusted intermediaries and replace them with transparent software.
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