Re:Stick a Fork in Ethereum
by tim333 on Wednesday July 20, 2016 @09:00AM
(#12128659)
> cryptocurrencies were leading to a better world
The problems of the mid 2000s credit bubble and subsequent near depression were down to too much laissez-faire and not enough / smart enough regulation. Crypto currencies won't fix that - they'd be worse. Their main strength seems to be for drug dealing and cryptolocker type extortion. Regulating the money supply / interest rates through an open source algorithm/AI rather than it being done by politicians might be a way forward.
The problems of the mid 2000s credit bubble and subsequent near depression were down to too much laissez-faire and not enough / smart enough regulation. Crypto currencies won't fix that - they'd be worse. Their main strength seems to be for drug dealing and cryptolocker type extortion. Regulating the money supply / interest rates through an open source algorithm/AI rather than it being done by politicians might be a way forward.