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A comment on S&P Dow Jones Indices to launch cryptocurrency indexes in 2021. Parent comment

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by doggosphere on Thursday December 03, 2020 @08:12PM (#25297778)
As a means of trade, yes, they are powerful because they are widely trusted and preferred.

However once you have them, you get rid of them. Good assets don't lose value over time. https://www.statista.com/statistics/1032048/value-us-dollar-...

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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by kbhn on Thursday December 03, 2020 @11:07PM (#25298781)
Good assets also don't get stolen if 51% of the network becomes compromised by a bad actor.
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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by doggosphere on Friday December 04, 2020 @12:26AM (#25299310)
Hm? Stolen assets you say?

https://en.m.wikipedia.org/wiki/Civil_forfeiture_in_the_Unit...

https://en.m.wikipedia.org/wiki/Executive_Order_6102

https://en.m.wikipedia.org/wiki/Greek_austerity_packages

A 51% attack doesn’t let the bad actor steal someone else’s coins. It lets them reverse and double spend their own spending. They can’t directly steal coins. The flexibility of open source software gives opportunities to mitigate such an event, should it happen.

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