Forgot your password?
typodupeerror

Comment Re:Not even close (Score 1) 222

I don't game 24/7, /. jokes aside. And I've been hearing that Etherium will move to PoS for years now. Doesn't matter if they do, as there's dozens of other mining currencies now. This will work a lot better than outlawing drugs, as it'll shut them out of the financial markets. Also, it's painfully obvious when you're running an illegal crypto mining operations because, well, you need to connect to the grid. They're welcome to try doing it off grid, but without cheap, subsidized (and dirty) power it's not likely to be profitable. Finally, I don't want them in my financial system, for the reasons I outlined above. Securities with zero value (beyond money laundering and buying illegal goods/services) are a recipe for disaster. You don't even get any real freedom out of crypto. It's child's play for big boys to use currency manipulation tactics to control the market. There is literally no upside to crypto and tons of downsides.

Well, Proof of Work consensus mechanism is a way to back the emission of the currency with electricity. It is much more sound than using a printing press (obsolete now), or pressing an Enter key from the words of a former Chairman Ben Bernanke to create several trillion dollars to bail out bankers pipe dream! How do u imagine a sound currency? Good old gold and silver coins?

Comment Re:So... nobody saw this coming a mile away? (Score 1) 123

well, they do not have a central bank and are piggy-backing on the USD. Using internationally-recognized and somewhat adopted BTC infrastructure instead of creating their own from scratch can be a better option. BTC shares a qualities of gold due to hard to obtain nature and ease of transactions, divisibilty (one satoshi is 10 to the -8 of the BTC, compare it to the 1 US cent which is 0.01 of USD) plus cheapness (BTC lightning network has almost zero transaction cost). The only thing it lacks for a trillion dollar asset is relative stability. It should not move more or less 1% in a single day. Stability is a cornerstone of financial stability.

Slashdot Top Deals

FORTRAN is a good example of a language which is easier to parse using ad hoc techniques. -- D. Gries [What's good about it? Ed.]

Working...