Re:Cambridge Bitcoin Electricity Consumption Index
by shawnz on Wednesday February 10, 2021 @06:05PM
(#26096077)
> Who is the arbiter? Who pays for the arbiter? Do I have to negotiate for an arbiter for every purchase I make?
How do you do it with traditional financial instruments? You probably sign a long-term contract with some agency just as you would if you were signing up for a credit card. Or you could simply not worry about arranging any kind of arbitration for such a low-value purchase, or simply just use fiat currency for those things (there's no reason it can't continue to coexist with cryptocurrencies).
How do you do it with traditional financial instruments? You probably sign a long-term contract with some agency just as you would if you were signing up for a credit card. Or you could simply not worry about arranging any kind of arbitration for such a low-value purchase, or simply just use fiat currency for those things (there's no reason it can't continue to coexist with cryptocurrencies).