Comment on The Bitcoin hash rate has increased by 28.2% over the last monthparentComments−icebraining10yI think the belief that they're useful is not widely shared.−VMG10yDo you know any other "imaginary points" that are scarce and can be transacted in an open system?−icebraining10yThere are many things that I believe not to exist, which doesn't mean they've be useful if they were, in fact, to exist.−VMG10yDo you think money is useful? How about digital money?−icebraining10yThing is, digital money already existed - when my employer pays me, he's not physically handing me an envelope of bills or even writing a check. It is, and has been for quite a few years, digital money.−VMG10yAnd for a lot of applications trusted third parties are completely sufficient, but in many instances you're better off without.−icebraining10yAnd that's precisely where the disagreement lies.
Comments
I think the belief that they're useful is not widely shared.
Do you know any other "imaginary points" that are scarce and can be transacted in an open system?
There are many things that I believe not to exist, which doesn't mean they've be useful if they were, in fact, to exist.
Do you think money is useful? How about digital money?
Thing is, digital money already existed - when my employer pays me, he's not physically handing me an envelope of bills or even writing a check. It is, and has been for quite a few years, digital money.
And for a lot of applications trusted third parties are completely sufficient, but in many instances you're better off without.
And that's precisely where the disagreement lies.