The public ledger is irrelevant. I don’t need any credentials to sign up for 1 or 1k accounts. Yes it can be tracked, but someone with a modicum of skill could make it extremely difficult.
Bitcoin is not backed by violence like state currencies.
Backed by, no, used by, absolutely.
Gold was used as a currency for thousands of years but you can’t use it at a local grocery store either.
That is largely irrelevant. Like crypto, I can’t take it to the grocery store. It no longer functions as a currency. That is cool, but don’t conflate it.
Bitcoin’s value is backed by math and computers and that is somehow worse than the energy and violence used by governments?
My dude, don’t pretend computing and math are magic. We are breaking some fucking hashes. Your perception of value of a broken hash doesn’t translate into actual utility.
A hash function is still math independent of your interest. Bitcoin is the first currency that has self emerged without being mandated by the state. Feel free to ignore it.
It is a boring application of existing hash functions to create a really inefficient data structure. It is impractical for just about a everything including currency, and if crypto took off the hard limits on transactions (iirc) would make its use quite difficult.
Bitcoin is the first currency
I live in an objective universe that I have relatively little control over. My employer won’t pay me in it, and I can’t go down to the supermarket and buy a loaf of bread with it to feed my family. No one can compel you to use any particular words, but there really isn’t a basis for me to think of it as an actual currency beyond being a novelty.
The spices in my cabinet would have functioned as more of a currency in our shared history than what crypto could ever accomplish, but I don’t expect my employer to give me sage, either.
The public ledger is irrelevant. I don’t need any credentials to sign up for 1 or 1k accounts. Yes it can be tracked, but someone with a modicum of skill could make it extremely difficult.
Backed by, no, used by, absolutely.
That is largely irrelevant. Like crypto, I can’t take it to the grocery store. It no longer functions as a currency. That is cool, but don’t conflate it.
My dude, don’t pretend computing and math are magic. We are breaking some fucking hashes. Your perception of value of a broken hash doesn’t translate into actual utility.
Please pass me a dose of your soma.
You are arguing in favor of government control of money and arguing I’m high? Ok buddy. Sure thing.
It has utility. Something that crypto currently lacks.
My dude, you were literally whispering math and compute as though they are magic words.
The algorithms aren’t even terribly interesting.
A hash function is still math independent of your interest. Bitcoin is the first currency that has self emerged without being mandated by the state. Feel free to ignore it.
It is a boring application of existing hash functions to create a really inefficient data structure. It is impractical for just about a everything including currency, and if crypto took off the hard limits on transactions (iirc) would make its use quite difficult.
I live in an objective universe that I have relatively little control over. My employer won’t pay me in it, and I can’t go down to the supermarket and buy a loaf of bread with it to feed my family. No one can compel you to use any particular words, but there really isn’t a basis for me to think of it as an actual currency beyond being a novelty.
The spices in my cabinet would have functioned as more of a currency in our shared history than what crypto could ever accomplish, but I don’t expect my employer to give me sage, either.