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The asset is the ledger-recorded amount of cryptocurrency attached to the wallet keypair, not the keypair itself. Cryptos have plenty of problems without misrep
by harshreality 8y ago
The asset is the ledger-recorded amount of cryptocurrency attached to the wallet keypair, not the keypair itself. Cryptos have plenty of problems without misrepresenting what they are.
Our bank accounts are also identified by mere bits. What's that quote...
> Cosmo: The world isn't run by weapons anymore, or energy, or money. It's run by little ones and zeroes, little bits of data. It's all just electrons.
(To be clear, I'm extremely ambivalent about cryptos, so I don't entirely disagree with your sentiment. I can see the "it's a new form of currency" side, and I can see the "mass delusion and speculation bubble" side. History will prove someone right, but I don't know how to estimate a probability of any one cryptocurrency winning, if any do.)