Re:China says it wants to eliminate Bitcoin mining
by rootlocus on Tuesday April 09, 2019 @04:16AM
(#19612721)
> I see crypto currencies as the fulfilment of many of the ideas talked about there.
As it stands, crypto currencies are a promise, not a fulfillment. They will become a fulfillment after they actually solve those problems. But it's a long way from theory to practice, even after all the technology is deployed.
Re:China says it wants to eliminate Bitcoin mining
by belltaco on Tuesday April 09, 2019 @04:59PM
(#19618879)
Here's a well reasoned essay by Bruce Schneiner about why cryptocurrencies are useless.
https://www.schneier.com/blog/archives/2019/02/blockchain_an...
The idea that you can send "money" to anyone regardless of who you or they are does provide some value. Unlike any other financial transaction system that proceeded it that I'm aware of, you can't be deplatformed from crypto.
How valuable you find this likely coincides with the value you place in the ideas of crypto (the original definition) anarchy.