qertoip

Ethereum is easy to change (hard forks often) and so cannot be expected to preserve any key characteristics like emission curve or even the permissionless nature.

In fact, Ethereum's monetary policy did change in the past.

qertoip

5 anni fadiscuss

Incorrect, Ethereum is still using PoW.

qertoip

5 anni fadiscuss

I don't give a shit about Wired categorization. MobileCoin is a company. It has a fucking CEO. Cryptocurrency is by definition decentralized.

qertoip

5 anni fadiscuss

MobileCoin is not a cryptocurrency.

qertoip

5 anni fadiscuss

How about helping competition to beat FAANG network effects by deregulating everything?

Increasingly, "more regulation" seems to be the go-to solution for any and all societal problems.

There seem to be no free market capitalists left on HN anymore :(

qertoip

5 anni fadiscuss

Good.

qertoip

5 anni fadiscuss

You seem to have a very US centric view. There are other 7.5 billion people in the World.

qertoip

5 anni fadiscuss

"Temporarily" like a f**cking YEAR. Some business owners committed suicide over this, so I guess its safe to say permanent for them at least.

qertoip

5 anni fadiscuss

"Temporary"? It's been A YEAR and tens of thousands of businesses and families going bankrupt. And there is no end in sight to this.

qertoip

5 anni fadiscuss

Poland.

qertoip

5 anni fadiscuss

Please help me understand.

Say Monica runs a clothing shop and sells clothes (including face masks and sun glasses) to people she suspects are drug dealers.

And we are not talking a single pair of sun glasses - she is running the clothing shop 8 hours a day, every day, for many years.

Well, she facilitated criminal activity and must go to jail, right?

qertoip

5 anni fadiscuss

> That will deter 99% of the potential users from ever trying it out.

Nah, we had this kind of ban on western fiat currencies in communist Poland. And guess what, illegal p2p trading of USD worked just fine.

qertoip

5 anni fadiscuss

This will get you nowhere. Already, Monero successfully employs general CPU-s for its PoW. Bitcoin could switch to another PoW algorithm if critically necessary. Decentralized cryptocurrencies are beautiful hydras.

qertoip

5 anni fadiscuss

> Just a small group of hyper enthusiasts

You are mistaken, Sir. We are legion.

qertoip

5 anni fadiscuss

In my country running a sports gym, a restaurant or a hotel is illegal.

So yeah, I won't be surprised if Bitcoin will suddenly become illegal.

Literally everything is becoming illegal as we speak.

qertoip

5 anni fadiscuss

Ban people from saying this!! :D

qertoip

5 anni fadiscuss

You are right in the short term. Most governments will fiercely fight Bitcoin and all true cryptocurrencies.

In the long term though, it is inevitable, like all technological progress in the World.

You can only contain it for so long.

qertoip

5 anni fadiscuss

I say ban everything, the sooner the better.

qertoip

5 anni fadiscuss

You are absolutely right but it gets even worse. The KYC bullshit is on the brink to spill over to non financial services, like messaging apps, hosting, email, and what not.

qertoip

5 anni fadiscuss

Agree, we did similar with Elixir/Phoenix in my past company.

Obviously, the services will still be necessary where Elixir simply isn't the right tool for the job like machine learning or cryptocurrency.

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