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I'm not saying it is stupid. If someone wants to create and use crypto coins, go ahead, that is great. I'm saying that if you want to create a way to track wha

I'm not saying it is stupid. If someone wants to create and use crypto coins, go ahead, that is great. I'm saying that if you want to create a way to track what each person in a family owes each other you have been able to do that with with google docs for years. Or you could use a pen and paper to create a family ledger, if you were worried about counterfeiting or your house burning down, put it in a fire proof safe.

betwixthewires 5y ago
Sure. But that was just a simple example. First, it is easier to ensure integrity of the ledger using cryptocurrency than it is keeping a canonical double spaced piece of notebook paper, and second, it is as easy to do it for my family as Mitumba for his village or a group of 1000 random people on some forum. Anyone can spin up a secure currency for any purpose with minimal cost and effort.
- gitfan86 5y ago
  I understand now. You are saying that in the past to create your own currency you needed as much money as a grocery store or airline to create "reward points", or "airline miles". Now it costs less and is easier to create your own version of that.
  - betwixthewires 5y ago
    Or mint chuck e cheese tokens, yes. But also, and more importantly, because it is easy they'll be everywhere.
    - gitfan86 5y ago
      Why will it be everywhere? Were there a lot of people wanting to have their own reward points but didn't move forward because of the time/cost to implement?
      - betwixthewires 5y ago
        No, but it doesn't have to be for good reasons. Was there unmet demand for supercomputers to stare at while taking a shit 20 years ago? 20 years ago only big companies could do it. Now anyone can do it, so they will. There are over 15,000 cryptocurrencies of one kind or another right now. When anyone can spin one up for peanuts lots of people will.
        gitfan86 5y ago
        Yes, 20 years ago there was an enormous demand for being able to watch any show you wanted at any time, in any place.

betwixthewires 5y ago

Sure. But that was just a simple example. First, it is easier to ensure integrity of the ledger using cryptocurrency than it is keeping a canonical double spaced piece of notebook paper, and second, it is as easy to do it for my family as Mitumba for his village or a group of 1000 random people on some forum. Anyone can spin up a secure currency for any purpose with minimal cost and effort.

gitfan86 5y ago
I understand now. You are saying that in the past to create your own currency you needed as much money as a grocery store or airline to create "reward points", or "airline miles". Now it costs less and is easier to create your own version of that.
- betwixthewires 5y ago
  Or mint chuck e cheese tokens, yes. But also, and more importantly, because it is easy they'll be everywhere.
  - gitfan86 5y ago
    Why will it be everywhere? Were there a lot of people wanting to have their own reward points but didn't move forward because of the time/cost to implement?
    - betwixthewires 5y ago
      No, but it doesn't have to be for good reasons. Was there unmet demand for supercomputers to stare at while taking a shit 20 years ago? 20 years ago only big companies could do it. Now anyone can do it, so they will. There are over 15,000 cryptocurrencies of one kind or another right now. When anyone can spin one up for peanuts lots of people will.
      - gitfan86 5y ago
        Yes, 20 years ago there was an enormous demand for being able to watch any show you wanted at any time, in any place.