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You know what would be cool? Crypto without the blockchain baggage. Just a straight up virtual currency that’s not tied to central banks.
by lvl102 4y ago
You know what would be cool? Crypto without the blockchain baggage. Just a straight up virtual currency that’s not tied to central banks.
- sprkwd 4y agoI’d buy that for a dollar.
- lekevicius 4y agoSo, you don't like "central banks", but you still want a centralized party to control the currency? Otherwise, you need blockchain. Blockchain is just a consensus mechanism around data entries. If you want "just a virtual currency", bitcoin is that.
- lvl102 4y agoYou don’t need a blockchain for that and blockchain wouldn’t solve that issue regardless.
- ben_w 4y agoWhat would you like to tie the virtual currency to, if anything, and why/not?
- hedgehog 4y agoA key problem to solve is how to create a reliable source of truth for the currency. If not a traditional bank or ledger built on distributed consensus, then you're into the territory of inventing something new. It's a hard problem but I'd love to see it.
- aaronax 4y agoSo a database of some sort I suppose...who is going to be the host/arbiter? Or is there a non-blockchain way to run a currency system that has no central authority?
- deleted 4y ago[deleted]
- cwkoss 4y agoIsn't that just WoW or Eve Online in-game currency? Or Amazon gift cards?
- teddyh 4y agoThere’s Taler: https://taler.net/ https://taler.net/
- ChrisClark 4y agoFind a way to do that and you'll do very well. Right now, the only way to do that without trusting a central authority IS with blockchain tech, that's what it was designed for and why it actually became a thing that's stuck around for the past 13 years. You can't have a trustless, decentralized currency without certain styles of blockchain tech. Otherwise you're just once again trusting a central authority with control of a database containing your balance.
- idontpost 4y agoI love seeing delightfully ignorant hot takes. Always good for laugh.