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phantom power

(25,966 posts)

14. one point I like to make: although the tech was designed to support decentralized currency...

Thu Dec 5, 2013, 11:09 AM

Dec 2013

I see no deep reason why governments couldn't "issue" their own currencies based on bitcoin tech.

Exactly how one defines "currency identity" in such a system is a bit up in the air for me. It seems like it would boil down to who owns the digital signature at the root of the block chain. Although somehow one would have to account for the block chain compression where they drop older info.

Assuming a multi-rooted system can work, it suggests a world where there could be national currencies, and state-less distributed currencies, and state/local/regional currencies. There might be economic benefits.

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A Thief Is Attempting To Hide $100 Million In Stolen Bitcoins � And You Can Watch It Live Right Now [View all] phantom power Dec 2013 OP

So many suckers. SMH... tridim Dec 2013 #1

If we're going to extend legal protections to bitcoins customerserviceguy Dec 2013 #2

Bitcoin is here to stay... TampaAnimusVortex Dec 2013 #3

Hah, feel free to invest your retirement savings in Bitcoins then nt geek tragedy Dec 2013 #4

Actually I'm already ahead of the game... TampaAnimusVortex Dec 2013 #9

No it's not MattBaggins Dec 2013 #7

Too bad the senate loves it too then... TampaAnimusVortex Dec 2013 #8

one point I like to make: although the tech was designed to support decentralized currency... phantom power Dec 2013 #14

They're great for buying a snack when Red Warrior Needs Food Badly Orrex Dec 2013 #11

So what's supposedly so great about bitcoins again? Blue_Tires Dec 2013 #5

They have bitcoin banks that set the "value" tridim Dec 2013 #6

The value in bitcoin is it's usefulness as a payment network... TampaAnimusVortex Dec 2013 #10

One of the social-experiment aspects of bitcoins that interests me... phantom power Dec 2013 #12

Many people use "Ponzi Scheme" to describe ...... oldhippie Dec 2013 #13

So what recourse is there when people get robbed like this? Blue_Tires Dec 2013 #15

What recourse is there when someone takes your cash? TampaAnimusVortex Dec 2013 #16

I haven't suggested doing away with *anything* Blue_Tires Dec 2013 #17