Re:CoinDash’s ICO Website Has Been Hacked
by randomThoughts9 on Monday July 17, 2017 @03:39PM
(#14791699)
1. I see the the current batch of crypto-currencies as an experiment and their valuation more like a bet on which currency will manage to adapt to the future.
2. Not all properties are relevant or even desirable: For example, I could live without POW or a fixed cap.
3. That being said, let me give you an example of a currency that could realistically be adopted by a government: a centrally controlled currency (the central bank is the only miner) but the blocks are validated by the citizens.
Here you could have the inflation rate specified through a smart contract (e.g. 3%). The only way to print more money would be to to ask the nodes to vote on an amount that will be included in the next block.
2. Not all properties are relevant or even desirable: For example, I could live without POW or a fixed cap.
3. That being said, let me give you an example of a currency that could realistically be adopted by a government: a centrally controlled currency (the central bank is the only miner) but the blocks are validated by the citizens.
Here you could have the inflation rate specified through a smart contract (e.g. 3%). The only way to print more money would be to to ask the nodes to vote on an amount that will be included in the next block.