Re:Bitcoin has computed 2^83.9 hashes
by DickingAround on Tuesday January 26, 2016 @06:02PM
(#10976937)
At a glance, it might seem that simple. In more depth, people who try to hold money essentially don't have a place they can easily park and access it other than a bank. People get forced into a fractional reserve system. That fractional reserve system in turn needs a lot of extra work and systems behind it to function. Bitcoin is a way for people to keep and move money without being subject to either money printing or fractional reserve. So it is, in part, a replacement for that system.
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