This commit is contained in:
EilidhRoss1 2022-08-17 10:45:37 +01:00 committed by GitHub
parent 4979dc87f1
commit 04f1689d2f
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23
1 changed files with 1 additions and 1 deletions

View File

@ -297,7 +297,7 @@ This claim argues that cryptocurrencies are a liberatory and egalitarian force t
Financial inclusion via cryptocurrencies is not something to be desired. The crypto markets are currently drastically under regulated, resulting in unacceptable levels of risk to individuals and risk to the broader financial system. Web3 facilitates [predatory inclusion](/concepts/predatory-inclusion): individuals are encouraged to join a volatile and risk-laden marketplace rife with fraud and [asymmetric information](/concepts/asymmetric-information). This method of "financial inclusion" therefore cannot faciliate a fairer, freer society.
In addition, crypto is not a solution for the unbanked, because by its deflationary design it cannot function as a currency. It is therefore unusable as a scalable means for purchasing goods and services
In addition, crypto is not a solution for the unbanked, because by its deflationary design it cannot function as a currency. It is therefore unusable as a scalable means for purchasing goods and services.
### Content