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> It's a wild west. Trading unregulated money tends to disproportionately attract the worst kind of people. It means that you have to take precautions instead
by young_unixer 6y ago
> It's a wild west. Trading unregulated money tends to disproportionately attract the worst kind of people.
It means that you have to take precautions instead of the government telling you what you can or can't do (using money they took from you anyway).
The energy concerns are valid. I hope that the cryptocurrency that ends up winning is energy efficient.
- TeMPOraL 6y ago> It means that you have to take precautions instead of the government telling you what you can or can't do (using money they took from you anyway). That's true! And I do prefer the world in which I pay the government to take care of this, because as an individual I have no chance against organized, professional scammers. Wild West is a fun thing to watch in movies (or at least the fictional recreation of it, with more shooting and less filth); but definitely not a nice time to live in, compared to today. > I hope that the cryptocurrency that ends up winning is energy efficient. That needs to be a structural change though; shaving off factors of the exponent in the middle of PoW isn't going to help. But 'spir here says that Ethereum cracked the proof-of-stake, which is the exact development that needed to happen for crypto to be feasible.
- seibelj 6y agoWhat’s so wonderful about voluntary society is that you can avoid the whole and others can dive right in! Different strokes for different folks.