Will Crypto 'Currency' Ever Be Viable?

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[charlesbrightman]

Consider the following:
a. Not everybody has the same internet connection speed.

b. Location matters: Take 3 entities, A, B and C. A and B are close together and C is very far away. The electronic transfer time between A and B would be short compared to A and C or B and C, relatively speaking. It's the same principal people utilize with Wall Street. Computers closer to Wall Street can have faster transfer speeds due to their location. High speed, high frequency trading can make one very rich relatively quickly. Also easier and quicker to manipulate markets.

c. But, with crypto currencies like bitcoin that are not centralized, not everybody would be on the same page so to speak. The reality each would be experiencing would be different for the same universal time.

d. So, there are some real life issues with decentralized currencies.

[jankohrasko]

Yes, it will. When it becomes a link to real asset(s).