- If Crypto was Fiat
10 cryptocurrencies and their country equivalents
A trio in Stockholm. Photo by author
The basis of cryptocurrency is decentralization and not being associated with a specific country as “fiat” currency. But if it were…
Bitcoin — China
The 800-pound gorilla crypto coins might lead you to believe it would be associated with the hegemony of the United States but you would be wrong. China is the largest single market and arguably the largest economic influencer, similarly, where Bitcoin goes so goes the altcoins just as other Asian markets follow the Land of Ming. Since 65% of Bitcoin is mined in China this association has some real connections.
Ethereum — USA
The sister of Bitcoin brings some innovations to the basic blockchain currency while commanding a decent share of overall volume. Innovation + volume = USA.
Cardano — Sweden
Leave it to Nordic countries to come up with a sleeker cleaner design that is efficient and better for the planet. Its elegance will take decades for popular adoption in some corners, just like national health plans. But when it does expect it to take off like West Elm aping Ikea and Hay.
Litecoin — Canada
Still based on Proof of Work and only 10% of Etherium in price, sure sounds like Canada to me.
Polkadot — Switzerland
This system agnostic blockchain is designed for moving money between disparate systems. Do you own thing financially and pass it through us for a cut — We’re neutral!
Stellar — Luxembourg
Quietly running in the background while interconnecting the big banks and transferring ungodly amounts of money.
Tether — Panama
Panama does not mint their own money, they just use U.S. Dollars. They save money on printing presses and chasing forgeries while keeping the value stable. Hey, wait a minute, who’s picking up the costs then?
Monero — Cayman Islands
Need to hide some money or a paper trail? This is the ultimate offshore account.
Tezos — Mexico
Steady returns and no surprises. A lot of hardworking “bakers” doing validation — me suena a panadería!
Holo — Narnia
This crypto makes amazing gains and has a sleek plug-and-play appliance for joining in the validation network. But when you try to buy HOT or get the appliance you are told it is not available.
- Date of publication:
- Thu, 04/08/2021 - 12:18
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