4 ms·

"fiat crypto", or if you prefer, digital currency, will neither be proof-of-work nor proof-of-stake. Neither mechanism is needed when there is a single trusted

by dsr_ 4y ago

"fiat crypto", or if you prefer, digital currency, will neither be proof-of-work nor proof-of-stake. Neither mechanism is needed when there is a single trusted authority.

hitpointdrew 4y ago
- lovich 4y ago
  Relative to random individuals it seems like a democratic form of government at least, has several advantages Did society fall apart when current fiat currency with the government as the central trusted authority was adopted?
  - deleted 4y ago
    [deleted]
codehalo 4y ago
A "single authority", not a "single trusted authority".
- dsr_ 4y ago
  "trusted" doesn't mean you want to, but that you have to.