> The reality is that if you scaled up the bitcoin system linearly so it provided as much transaction capacity as Visa... it would require a number of times more power than the entire world produces Scaling Bitcoin's…
I agree. If I'm not mistaken the name comes from Ahimsa [1]. So, Communication for Non-Violence and Compassion might be more accurate. [1] https://en.m.wikipedia.org/wiki/Ahimsa
Do you agree that if a nation is successfully invaded its currency will lose its integrity? Do you agree that defense against invasion requires an adequate military or agreements with nations with adequate militaries?…
Threats to national sovereignty such as invasion.
Militarily robust sovereignty is necessary but not sufficient for the integrity of a fiat currency. Governments such as Iceland borrow military power through international agreements.
(1) Not trust is bad, but how much trust and in whom and for what. (2) Not inflation is bad, but trusting others to choose the value of your money. (3) Cryptocurrency exchanges are not Bitcoin - just as a Stock Exchange…
The inventor said it well: "The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies…
> The reality is that if you scaled up the bitcoin system linearly so it provided as much transaction capacity as Visa... it would require a number of times more power than the entire world produces Scaling Bitcoin's…
I agree. If I'm not mistaken the name comes from Ahimsa [1]. So, Communication for Non-Violence and Compassion might be more accurate. [1] https://en.m.wikipedia.org/wiki/Ahimsa
Do you agree that if a nation is successfully invaded its currency will lose its integrity? Do you agree that defense against invasion requires an adequate military or agreements with nations with adequate militaries?…
Threats to national sovereignty such as invasion.
Militarily robust sovereignty is necessary but not sufficient for the integrity of a fiat currency. Governments such as Iceland borrow military power through international agreements.
(1) Not trust is bad, but how much trust and in whom and for what. (2) Not inflation is bad, but trusting others to choose the value of your money. (3) Cryptocurrency exchanges are not Bitcoin - just as a Stock Exchange…
The inventor said it well: "The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies…