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the comparison to theoretical physics is regarding theoretical computations that actually do turn out as working in the real world. many mathematical concepts
by glofish 5y ago
the comparison to theoretical physics is regarding theoretical computations that actually do turn out as working in the real world.
many mathematical concepts (most in fact) are abstract concepts in N dimensional spaces. It is theoretical physics when theory and reality have to match.
that is the genius of Bitcoin, a theory that actually works in practice
- loup-vaillant 5y agoDoes it? Bitcoin was supposed to be a currency, and it was supposed to be distributed. I hear it started pretty well, but we eventually ended up with pathologically concentrated mining power (a relatively low number of players create all the Bitcoins), and an exchange structure closer to a pyramid scheme / speculative bubble / value store than an actual currency. And don't get me started on the ludicrous costs in energy and silicon. As far as I can tell the experiment failed, and we should shut it down before it does even more harm than it already has.
- pessimizer 5y agoBut bitcoin doesn't work. If bitcoin worked, I'd be all in. But a currency I can't reasonably buy a donut with is not a currency.