News for hackers. Stuff that matters.

A comment on Crypto Tokens: A Breakthrough in Open Network Design. Parent comment

Re:Crypto Tokens: A Breakthrough in Open Network Design by SomeStupidPoint on Saturday June 03, 2017 @02:37PM (#14477736)
In what way does the same logic not apply to banks?
[ Parent | on HN ]
Re:Crypto Tokens: A Breakthrough in Open Network Design by bluesteel44 on Saturday June 03, 2017 @04:28PM (#14478317)
Banks can position themselves to benefit from a depreciation of any given currency, miners are tied to the success of the one they've chosen.
[ Parent | on HN ]
Re:Crypto Tokens: A Breakthrough in Open Network Design by SomeStupidPoint on Saturday June 03, 2017 @05:13PM (#14478534)
Can a miner not distribute their effort and holdings?
[ Parent | on HN ]
Re:Crypto Tokens: A Breakthrough in Open Network Design by Obi_Juan_Kenobi on Saturday June 03, 2017 @08:04PM (#14479184)
Miner hardware is tied to the specific proof-of-work algorithm used in the cryptocurrency they mine. They make extensive capital investments that are, at least in the case of Bitcoin, useless for any other purpose.
[ Parent | on HN ]