by pshin45 on 5/12/18, 4:51 PM with 1 comments
by eronlloyd on 5/12/18, 6:36 PM
However, I strongly question the need to perform the mining operation inherent in nearly all cryptocurrencies. Money needs to certainly needs to fulfill its roles as a medium of exchange and store of value, but there are potentially more efficient and effective ways to do so.
The most compelling proposal I've seen is Bob Blain's Hour Money model (hourmoney.org). Developing a time-based block chain that equates global labor time to an international unit of measure that would serve as our money seems like a better direction.