However, to build trust from scratch, crypto-assets need to bear substantial costs associated with mining, which requires a huge amount of calculation and electricity. It would not be easy for crypto-assets with such constraints to be widely used for daily payments and settlements. Indeed, crypto-assets are now mainly purchased as speculative investments and are rarely used for daily payments and settlements.
These differences between north and south are not after all a God-given natural phenomenon. It is an uncomfortable observation that in recent years, that some even characterized as euro boom years, many opportunities for economic reform have been missed.