[Cryptography] Digital currencies

Phillip Hallam-Baker phill at hallambaker.com
Mon Jun 20 09:33:48 EDT 2016

On Fri, Jun 17, 2016 at 6:42 PM, mok-kong shen <mok-kong.shen at t-online.de>

> How far advanced are the developments in digital currencies?
> Would they ever be able to replace the classical currencies?

I think it is a fundamental error to confuse a payment transfer system and
a currency.

BitCoin is a conflation of the two but there is no reason why a ledger
based payment system requires a new currency.

Harber Stornetta hash chain notaries are inherently stable. Using as much
electricity as the island of Malta does to distribute the ledger is an
abomination. Ultimately BitCoin is betting on the ultimate dotcom bubble,
the only value in the currency is that people want the currency.
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