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This reminds me of all the posts on HN about running your own email server. Admirable but ultimately negligible. Cryptocurrencies will provide solutions that a
by pshc 5y ago
This reminds me of all the posts on HN about running your own email server. Admirable but ultimately negligible.
Cryptocurrencies will provide solutions that actually scale to these problems in time, but HN’s still not ready to hear it.
- darawk 5y agoUnfortunately events like the ones we've just had are what's necessary to demonstrate to people that no, we actually do need technology like this. Cashless is going to happen. The convenience gain is too large for it not to. Cryptocurrency is the only way to preserve any semblance of genuine sovereignty in a cashless world. It is a technological necessity.
- CryptoPunk 5y agoHN's bias against cryptocurrency is a useful counterweight to the massive profit-motivated hype surrounding it.
- progval 5y agoMost cryptocurrencies (including Bitcoin and Ethereum) do not solve this issue, governments could order businesses (or payment systems used by businesses) not to accept payment coming from some blacklisted addresses, even indirectly; and this is possible thanks to the public ledger. And they could outlaw any cryptocurrency that does provide anonymity for senders (Monero, GNU Taler, ...). While easy to bypass for individuals, legitimate businesses would not. Governments might even ban cash one day. This is a social and political problem, technology won't solve it.
- tenuousemphasis 5y agoIt still blows my mind how antagonistic HN is to cryptocurrency, particularly Bitcoin.
- phoinix 5y ago