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This is exactly my problem with Bitcoin. The process for securing Bitcoin was fascinating to me because I thought mining was a clever way of staggering the grow
by dkonofalski 9y ago
This is exactly my problem with Bitcoin. The process for securing Bitcoin was fascinating to me because I thought mining was a clever way of staggering the growth of the currency. Unfortunately, you quickly realize that there's nothing to back the value of the currency and anything that could is disproportionately devalued when China builds farms for nothing but mining and the exploitation of the currency.
Blockchain, on the other hand, is awesome and will continue to be a key piece of tech for things like voting and records where trust can be shared amongst all the users.