Re:The Demoralization is just Beginning
by grumpy-de-sre on Wednesday March 05, 2025 @03:32AM
(#43264251)
The interesting question would be how to tie the currency to real productivity in a way that makes financial engineering, and fraud unattractive.
Not a crypto shill but proof of work isn't so terrible, particularly something ASIC resistant. Energy isn't such a bad thing to peg your currency to (lot more flexible than gold). But nonetheless you still end up with a lot of weird distortions.
The legacy of ZIRP, and the effects of decoupling the financial and real world, are going to be felt for years to come.
Not a crypto shill but proof of work isn't so terrible, particularly something ASIC resistant. Energy isn't such a bad thing to peg your currency to (lot more flexible than gold). But nonetheless you still end up with a lot of weird distortions.
The legacy of ZIRP, and the effects of decoupling the financial and real world, are going to be felt for years to come.