Thank you for attempting to get to grips with something that many have avoided, including myself. It was partially successful. I understand how blockchain can effect legal transactions, which might prove interesting long term. However, I see the majority of trading volume is in bitcoin, which appears to be an electronic currency that is not intrinsically linked to any specific legal transaction, but is rather 'just' a new currency (unlike Tether, I think). I can see how criminals would prefer Bitcoin to transactions in Van Gogh. If I think that the USD and other currencies are going to collapse, which is not impossible, then I might want electronic coins, or gold. However, overall, I found the explanation of why people should own electronic coins, or stablecoins like Tether, or what might be a catalyst for mass adoption to lack intellectual rigour. The interviewer asked why should she want to transact via stablecoins instead of old fashioned contracts and USD, but I did not understand the answer. Perhaps I can not see far enough ahead?
Thank you for attempting to get to grips with something that many have avoided, including myself. It was partially successful. I understand how blockchain can effect legal transactions, which might prove interesting long term. However, I see the majority of trading volume is in bitcoin, which appears to be an electronic currency that is not intrinsically linked to any specific legal transaction, but is rather 'just' a new currency (unlike Tether, I think). I can see how criminals would prefer Bitcoin to transactions in Van Gogh. If I think that the USD and other currencies are going to collapse, which is not impossible, then I might want electronic coins, or gold. However, overall, I found the explanation of why people should own electronic coins, or stablecoins like Tether, or what might be a catalyst for mass adoption to lack intellectual rigour. The interviewer asked why should she want to transact via stablecoins instead of old fashioned contracts and USD, but I did not understand the answer. Perhaps I can not see far enough ahead?