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Yeah, isn't it kinda on purpose ? I always understand it as a way for anyone anywhere being able to join just with a computer and electricity, without having t

Yeah, isn't it kinda on purpose ? I always understand it as a way for anyone anywhere being able to join just with a computer and electricity, without having to beg any existing centralized entity for permission to exchange their "real" money for the crypto tokens. And it seems to have been right, as exchanges are indeed where most fraud happens a what is actually targeted when a government does not like a cryptocurrency. Still not sure how one is supposed to avoid this without handing over the given crypto network to a centralized entity that decides who gets what.

cyphertruck 5y ago
That is exactly correct. And proof of work solves a problem that was thought unsolvable. So no other solution is likely to appear soon. None yet. (Proof of stake just recreates the problem.)
- geertj 5y ago
  What is the problem with PoS that you speak about?
  - danlugo92 5y ago
    https://endthefud.org/PoW https://endthefud.org/PoW
    - geertj 5y ago
      > https://endthefud.org/PoW https://endthefud.org/PoW Hardly an unbiased source (has "The best links to articles debunking Bitcoin FUD " as the subtitle). I read through some of the links and they are all high on big words and philosophy. We will know soon enough whether there's merit to any of these. Ethereum plans to move to PoS early this year so we'll have a real world data point.
      - danlugo92 5y ago
        > has "The best links to articles debunking Bitcoin FUD " as the subtitle It does what it says in the tin, no more no less.
        geertj 5y ago
        Yup. And as such that source is ineffective in convincing someone not already convinced.