Re:The Impervious Browser: Your Portal to the P2P Internet
by indigochill on Sunday April 10, 2022 @09:18PM
(#30983490)
> Would there be a better way to implement P2P payments without a cryptocurrency?
There's tons of cool P2P web stuff to do that isn't payments. And I don't want my browser to have a payment mechanism baked in anyway.
Along a different line of criticism, my bet is P2P payments in the long run is a nonstarter because once legislation catches up (which it will) every peer will need to be as compliant with financial regulations as a bank which is no fun to run as a peer so things centralize and we're back where we started.
And Bitcoin is absolutely not a positive. It's incredibly destructive to the environment (and in some cases, national economies and power grids) to the extent even diehard cryptocurrency advocates are warning everyone away from Proof-of-Work in favor of alternative schemes like Proof-of-Stake. Bitcoin is notable for being the one that popularized the tech, but there have been massive improvements on the core idea since then.
There's tons of cool P2P web stuff to do that isn't payments. And I don't want my browser to have a payment mechanism baked in anyway.
Along a different line of criticism, my bet is P2P payments in the long run is a nonstarter because once legislation catches up (which it will) every peer will need to be as compliant with financial regulations as a bank which is no fun to run as a peer so things centralize and we're back where we started.
And Bitcoin is absolutely not a positive. It's incredibly destructive to the environment (and in some cases, national economies and power grids) to the extent even diehard cryptocurrency advocates are warning everyone away from Proof-of-Work in favor of alternative schemes like Proof-of-Stake. Bitcoin is notable for being the one that popularized the tech, but there have been massive improvements on the core idea since then.