Re:No, your cryptocurrency cannot work
by perl4ever on Monday September 06, 2021 @04:28PM
(#28437691)
Focusing on "solving double spending" as though it were the one thing that represents the entire financial system seems to me kind of like imagining that the global transportation system can be replaced by some sort of algorithm with the singular function of ensuring large metal objects don't physically coincide.
[ Parent
| on HN ]
"Solving double spending" doesn't represent "the entire financial system" but it does represent the entirety of why we have miners and stakers, which seems to be the main point of contention by those who describe themselves as "anti-crypto."