Nobody Understands Cryptocurrency, And That's Ok

[\0xDynamite]

>> Expressing your opinion is the ultimate unit of work in the virtual
>> world.  Distribute bitcoins on this basis.  That devalues them, yes,
>> but then you don't have to expend 100kW of energy to produce them,
>> maybe call them nanobits.
>>
>> Then allow them to be traded freely as a neutral currency for the net.
>> After this gets established, ONLY THEN can you really set a EXCHANGE
>> RATE for bitcoin with physical dolllars -- because you've tied and
>> anchored it to REAL WORLD VALUES.
>
> Nice in theory,

Hold it right there.  You admit the theory is sound (or at least
partially sound), so then on what basis are you basing YOUR currency?

>but no, any Cabal coin can be tied to physical stuff
> no problems,

I believe by "Cabal" you mean "agreed upon by the currency producers".
Let's call it the "Treasury".  (get it? treasure:  like a pirate's
horde)

> thus creating an actual Cabal-controlled

Treasury controlled

>(ą thus
> manipulated) value

How will it get manipulated just because someone has to agree to its production?

> for their particular central coin.

....Ummm, right.

Marxos