this post was submitted on 19 Jun 2023
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Technology
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New technologies such as the lightning network will fix this.
If the power goes out, your local ATMs and card readers will stop working as well. It'd have to take a global power outage to bring a crypto network down, and at that point we probably have more important issues to deal with.
This is fixed by proof-of-stake.
True, but it's a personal choice. You don't have to have to store them centralized if you don't want to. The same cannot be said about traditional currencies, as it's not feasable to have stacks of cash lying around.
Also true, but that has nothing to do with the actual currencies. The public image will improve once people learns how it works.
Maturity will make it decouple from that.