Re:Ether Is the Digital Currency of the Moment
by loceng on Tuesday June 20, 2017 @09:22AM
(#14594389)
What about the buying power transfer issue? If Bitcoin is valued at $50 and then you pay $100, every single coin before your purchase has been bumped up by 100% value - and it will be future people that are paying for that, that money (someone's time/effort or resources) don't just magically get generated. This is only stable if there is continuous adoption and I wonder what the end point looks like for the 'late' adopters.
Re:Ether Is the Digital Currency of the Moment
by lawless123 on Tuesday June 20, 2017 @08:56AM
(#14594215)
Plenty of surveillance and slowness on bitcoin.
Re:Ether Is the Digital Currency of the Moment
by LMYahooTFY on Tuesday June 20, 2017 @09:25AM
(#14594403)
It's working as designed. The debate is on how to change the design, right?
Furthermore, aren't the "lite" alternatives more functional in this regard?
It's a global immutable ledger that allows for the irreversible transfer of funds without needing to trust a 3rd party with the control of those funds.
Additionally, there's a cap on the total units of account that can exist.
Many people find a lot of value in all that, especially when compared to the slowness, surveillance, and inflation of traditional electronic monetary systems.