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Read all about it at the above link. There’s way too much to process here. This is going to be wild.
Money is just made up in the first place. If instead you mean using it as an efficient way to represent allocating specific physical resources, perhaps. In the upcoming dystopian apocalypse where people still have to go work meaningless jobs to survive while the search burns around them, perhaps using a blockchain for ‘fuel points’ and ‘drinkable water points’ or something makes sense.
But as a general purpose currency it seems needlessly complex, and we already have a needlessly complex financial system. Changing the complexity doesn’t solve enough problems to be worth it.
Money is just made up in the first place. If instead you mean using it as an efficient way to represent allocating specific physical resources, perhaps. In the upcoming dystopian apocalypse where people still have to go work meaningless jobs to survive while the search burns around them, perhaps using a blockchain for ‘fuel points’ and ‘drinkable water points’ or something makes sense.
But as a general purpose currency it seems needlessly complex, and we already have a needlessly complex financial system. Changing the complexity doesn’t solve enough problems to be worth it.