An audit of the US Dollar

in #usdollar7 years ago

Here you‘ll find an audit of the US Dollar:
https://blog.zeppelin.solutions/us-dollar-audit-90dbcbb0258f

If you audited the Dollar as strict as Bitcoin these would be the findings:

  • Centralized issuance, requires trust in US government
  • Not backed by any physical asset
  • Heavily depreciating asset
  • High energy usage and environmental impact
  • Undetermined confirmation time for transactions
  • Unappealing design
  • Highly susceptible to theft
  • Unsuited for global transfers
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Fiat is not gonna rule on too much centralisation is not good sometimes

Really nice !