Nobody Understands Cryptocurrency, And That's Ok

[Zenaan Harkness]

On Tue, Oct 17, 2017 at 10:12:10AM +1100, Zenaan Harkness wrote:
> On Mon, Oct 16, 2017 at 03:20:56PM -0500, \0xDynamite wrote:
> > I think Bitcoin does not understand bitcoin.
> 
> > UNDERSTAND THIS:
> > 
> > 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, but no, any Cabal coin can be tied to physical stuff
> no problems, thus creating an actual Cabal-controlled (± thus
> manipulated) value for their particular central coin.

Putin intends to launch, public statement “if you can't beat ’em, join
’em”:


Crypto-Rouble: Russia to launch first state sanctioned cryptocurrency
in the world
http://theduran.com/russia-launch-first-state-sanctioned-cryptocurrency-world/