[Cryptography] Proof of Work is the worst way to do a BlockChain

jamesd at echeque.com jamesd at echeque.com
Fri Feb 23 02:56:22 EST 2018


On 08/02/2018 17:18, Ersin Taskin wrote:
>         5. Plus no bank has robbed me, served me poorly with my money
>         deposited on them in my entire life.

2018-02-13 9:01 GMT+03:00 <jamesd at echeque.com <mailto:jamesd at echeque.com>>:
>     Several American banks have robbed me and served me poorly,
>     particularly with regard to iras and international transactions.
> 
>     ....

>     Swindling very large numbers of people out of very large amounts of
>     money was deemed OK, because done in the holy social justice cause
>     of getting non asian minorities to occupy houses in leafy green suburbs.
> 
>     And now we are seeing a bunch of crypto currencies sponsored by
>     quasi state entities in Green Energy, female emancipation, etc,
>     which seem likely to retread the path trodden by the Mortgage
>     Derivative Market.


On 22/02/2018 23:09, Ersin Taskin wrote:> However, this does not change 
the fact that Turkish banks have not done
> the same in our entire mortgage history. Our banking system was 
> influenced by the international banking system in the 90's and became 
> less regulated until it crashed in the famous 2000-2001 crisis. After 
> that the government let the banks go bankrupt, put the bosses (the 
> shareholders plus executives) who have been proven to be fraudelent in 
> jail 


"Proven to be fraudulent"

"in jail"

You are quite sure that Turkish banks have not done the same thing in 
your entire mortgage history?


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