Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by astoor on Monday July 05, 2021 @09:03AM
(#27737523)
"here is a revolutionary trustless system of currency, but you must trust a group of anonymous developers in the non-extradition offshore not to screw you with premine" and trust them to make immutable smart contracts 100% bug free to prevent scandals like DAO onwards, and trust shady mining cartels, and unregulated exchanges, and the shadowy cryptocurrency oligarchs manipulating prices, etc.
The fact is that this "revolutionary new financial system" doesn't remove trust - it just shifts trust to the less trustworthy.
The fact is that this "revolutionary new financial system" doesn't remove trust - it just shifts trust to the less trustworthy.