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The real answer, I think, is not to ban the nebulous idea of "cryptocurrency" but to ban (or highly tax) proof-of-work coins or similar schemes where the networ
by geofft 5y ago
The real answer, I think, is not to ban the nebulous idea of "cryptocurrency" but to ban (or highly tax) proof-of-work coins or similar schemes where the network requires a large amount of some physical resource to maintain its function.
That will spur innovation on approaches that don't have that requirement.
- dcolkitt 5y agoThere’s already rapid innovation in this direction without government innovation being necessary. Ethereum is switching to proof-of-stake by the end of the year, and partially because of that is already 50% of the way to passing Bitcoin by market cap.
- lupire 5y agoJust tax electricity and tariff countries who don't.