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For clarification. To my understanding, the older cryptographic currencies use an immense amount of power (Proof of Work). But newer models have solved that issue by switching to a Proof of Stake model instead.
For clarification. To my understanding, the older cryptographic currencies use an immense amount of power (Proof of Work). But newer models have solved that issue by switching to a Proof of Stake model instead.
Oddly enough lots of people do mess with V-Bucks for FortNite, Riotpoints for League of Legends, and/or CoD points for Call of Duty. Damn you chucky cheese money in my video games!
The government closed the gold standard at once didn’t they? Who is to say they cannot not do the same and say physical paper money?
To my understanding, the older cryptographic currencies are the energy consumers. Newer models have avoided the massive energy consumption. A.k.a Proof of Work vs Proof of Stake.
When the Wild West was around Medicine was used as a scam too. Snake Oil salesmen aren’t very nice people. But that doesn’t mean medicine is a bad idea ya know?
I agree that there are a lot of snake oil sellers in the cryptographic currencies realm. But that world is basically the digital wild west at the moment to me. I too am waiting to see what happens.
Well you’re talking about a technology that can obsolete VISA and MasterCard and their predatory transaction fees!. There’s a lot of money riding on cryptographic currencies taking off or not.
Also consider that many peoples (me) would like to move from the older cryptocurrencies that needs lots of power to run (proof of work) and try to advocate for newer proof of stake models.
To my understanding proof of stake models have dramatically lower power requirements.
How does this working into Foreign Exchange? This also sounds a lot like trading USD to PESO like my aunt does…
In the United States you cannot vote for the people who issue currencies. The Federal Reserve are a bunch of privately owned banks.
Sure that number might look big. BUT YOU DON’T FEEL IT just looking at it.
And that’s seven trillion right ther’. That’s 7000 billion. Whew. P.S Rip Byron. We hardly knew ye.
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I can’t wait to see companies like Visa and Mastercard become obsolete. I think it will really help out my aunt’s family business by cutting crazy high transaction fees she has to pay as a vendor.
Damn. I guess this is why we can’t have nice things.
I guess I’ll take this opportunity mention if one cannot make a monetary donation to IA. You can always help them out by help seed some of their torrents. I’d appreciate it at least :P