Re:Running Bitcoin uses a small city’s worth of electricity
by JumpCrisscross on Monday October 02, 2017 @06:36PM
(#15388569)
> the biggest cost to sustaining fiat is the power of the sovereign that backs it up
That government and military also safeguards a lot of the economy any financial system, traditional or crypto currency, needs to drive it. In any case, sovereign-less free banking happened [1]. It was replaced for reasons of efficiency.
That government and military also safeguards a lot of the economy any financial system, traditional or crypto currency, needs to drive it. In any case, sovereign-less free banking happened [1]. It was replaced for reasons of efficiency.
[1] https://en.m.wikipedia.org/wiki/Free_banking