Re:Ethereum: A Store of Value with Cash Flow [pdf]
by jl2718 on Wednesday April 21, 2021 @02:05PM
(#26893270)
I’ll be the first one to say that crypto is often the superior system. But only due to the threat. A threat I happen to believe is very dangerous. Any security model only has value in the presence of a threat model. Other than that it’s just inefficient.
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Re:Ethereum: A Store of Value with Cash Flow [pdf]
by matheusmoreira on Wednesday April 21, 2021 @02:27PM
(#26893566)
Indeed. The threat is real and will continue to be real for as long as governments exist. Maybe the threat is centralized authorities in general.
My country experienced runaway inflation in the 1990s. In a desperate attempt to stop it, the president just froze everyone's bank accounts. The government took away everyone's money out of nowhere. So I don't really care how much energy cryptocurrency consumes. If it puts an end to government stupidity it's worth it. The more they hate cryptocurrency the better -- it means they can't control it.