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Re:Filecoin Suspends ICO After Raising $186M in One Hour by beambot on Friday August 11, 2017 @02:18PM (#14992720)
Your traditional bank account balance is stored as 1's and 0's in a database somewhere. What is the intrinsic value of those bits?

Now think of how much energy is "wasted" keeping all those accounts updated, the lights on at all the branch offices, etc.

Re:Filecoin Suspends ICO After Raising $186M in One Hour by raverbashing on Friday August 11, 2017 @03:22PM (#14993285)
The way they store the information is irrelevant. They also have regulation and mandatory checks and balances on their ability to repay current account holders.

> Now think of how much energy is "wasted" keeping all those accounts updated, the lights on at all the branch offices, etc.

You should do some research before making such uninformed assertion (also banks do more services than just transaction ledgering)