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It's a bit sad that cryptocurrencies tend to encourage concentration and centralisation. It's very hard for an individual to take part and earn if you "miss the

It's a bit sad that cryptocurrencies tend to encourage concentration and centralisation. It's very hard for an individual to take part and earn if you "miss the time". And the negative side effects are large, like energy expense, or selling out of GPUs. I think this is a general shortcoming of proof-of-work. I wonder if this could be fixed with a different scheme, e.g. reputation-based, or proof-of-(something socially desirable and not centralizable)?

EugeneAZ 9y ago
Yes, it can be. Approve in your country a Torrens title system with a replicated database among citizens. Then anyone can buy your country land ownership, which price is much more stable.
LeoPanthera 9y ago
You seem to assume that mining is the point of a cryptocurrency, and I don't think it is. Even Satoshi, when he was still around, predicted that mining would eventually be out of reach of the normal user. But you can still "take part" by using it for what it actually is - a currency.
- taw55 9y ago
  The big problem with cryptocurrencies is that they're really not currencies... I don't know anyone who would want to use BC for anything other than speculation. Speculation that undermines the stability of the currency, which isn't conducive to use as currency. There are proper cryptocurrencies that don't require mining but they don't seem to get nearly as much attention.
  - deleted 9y ago
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- captainmuon 9y ago
  I see the following uses for cryptocurrency: - Turning my "being good with computers" / learning about it early on the internet into money - Buying illegal stuff on the darknet (which I didn't do yet) - Speculating / Gambling - Transferring wealth across borders while avoiding high conversion fees While these are typical money functions, they are all fringe activities. I don't see myself ever using bitcoin as a replacement for Euros - that is for receiving my salary, for buying things (that I can get legally), for investing or saving. One reason is I don't share the crypto-idealists idea of an anarcho-capitalist utopia...

EugeneAZ 9y ago

Yes, it can be. Approve in your country a Torrens title system with a replicated database among citizens. Then anyone can buy your country land ownership, which price is much more stable.

LeoPanthera 9y ago

You seem to assume that mining is the point of a cryptocurrency, and I don't think it is. Even Satoshi, when he was still around, predicted that mining would eventually be out of reach of the normal user. But you can still "take part" by using it for what it actually is - a currency.

taw55 9y ago
The big problem with cryptocurrencies is that they're really not currencies... I don't know anyone who would want to use BC for anything other than speculation. Speculation that undermines the stability of the currency, which isn't conducive to use as currency. There are proper cryptocurrencies that don't require mining but they don't seem to get nearly as much attention.
- deleted 9y ago
  [deleted]
captainmuon 9y ago
I see the following uses for cryptocurrency: - Turning my "being good with computers" / learning about it early on the internet into money - Buying illegal stuff on the darknet (which I didn't do yet) - Speculating / Gambling - Transferring wealth across borders while avoiding high conversion fees While these are typical money functions, they are all fringe activities. I don't see myself ever using bitcoin as a replacement for Euros - that is for receiving my salary, for buying things (that I can get legally), for investing or saving. One reason is I don't share the crypto-idealists idea of an anarcho-capitalist utopia...