If
https://cryptoslate.com/imf-urges-el-salvador-to-remove-bitcoins-status-as-legal-tender/
then BTC --->
A Good
B Bad
Please select only one option
If
https://cryptoslate.com/imf-urges-el-salvador-to-remove-bitcoins-status-as-legal-tender/
then BTC --->
A Good
B Bad
Please select only one option
You’ve got some good points concerning gardening and protections of said garden. And you’re right on needing your own separate internet if you want to have any real control over it.
However, I can’t stand with you on calling Bitcoin the future and proof of work as good. Currency is socially accepted because of the thousands of years of society using it after switching off of barter. You give me this token, I give you wine, I go give this token to free_will_of_choice and he gives me a steak. It’s easily transferable, and separated by nations. Using my canuckistan loonies in Great Britain means I need to either convert them first or pay a fee during the exchange. The money itself is worthless, it’s just a medium for trade, and the same can be said for bitcoin and all the shitcoins. But a nations currency is backed by its government, meaning its police and military. If you take fake currency and attempt to scam people, the locals arrest you and put you in prison and often require repayment in real currency. It’s a system they don’t want fucked with, mostly because they control it but also because it works. It’s easily understandable. If little 4 year old Timmy wants a piece of gum, he gives the nice shop keeper 25 cents and he gets a piece of gum. When he’s 16 he gives Tony down the street $800 and buys his first clunker of a car. Simple, easy, nothing really confusing there.
But now we add a currency, ConversationCoun since we’re having a conversation here. CC is worth X. How much is X? Who decides how much X is? Who’s generating and controlling X? How was CC even made to begin with? I had a friend who was mining coins in his basement with graphics cards held up on the table by dishwasher racks. These coins are valuable? Because who says so? Someone we’ve both never met online says so, says it’s worth 30000 USD for one, and then tomorrow it’s only worth 15000. That alone makes the normal people in the crowd step back and say WTF. Gold as a currency worked because it’s hard to fake, hard to steal large amounts without lots of equipment, can be worn as jewelry or tooth fillings, plate your electronics with it for corrosion protection, my cpu waterblock is gold plated, the list goes on. It has uses beyond just trading it for something. What is bitcoin and shitcoin worth besides trading it for something?
Why do you believe proof of work is good and do you believe it adds value? If so, what value is gained from this proof of work? Why is ConversationCoin worth $5 USD each because of proof of some work? What is this work doing that makes it valuable in the first place?