Hearn: The resolution of the Bitcoin experiment
Hearn: The resolution of the Bitcoin experiment
Posted Jan 16, 2016 0:52 UTC (Sat) by Cyberax (✭ supporter ✭, #52523)In reply to: Hearn: The resolution of the Bitcoin experiment by teknohog
Parent article: Hearn: The resolution of the Bitcoin experiment
> Consider the fossil fuels expended to maintain fiat currencies. This would include practical operations such as armoured trucks for distributing coinage to banks and ATMs, and good old data centres.
We're solving the problem of armored trucks with electronic transactions. Data centers are a pretty much negligible expense.
We're solving the problem of armored trucks with electronic transactions. Data centers are a pretty much negligible expense.
All of the US banking transactions can be run from a single fairly small DC.
> Also keep in mind the running of an entire (police)? state that ultimately guarantees the value of its currency.
Will I be able to come to your home and cut off your fingers one by one until you give me all of your bitcoin wallets once the world sees the light and switches?
