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.
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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?
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.