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Topic	Bill Maher: Cryptocurrency is a ponzi scheme
1337toothbrush 05/03/21 11:25:35 AM #57:	VigorouslySwish posted... notice how NONE of the critics are discussing crypto's amazing function of not having the govt involved in your money? I wonder why that could be hmmmm....... Because it's not an amazing function. Libertarians like to think so, but they don't understand that de facto governments tend to form in open systems. Take the supposed solution to the inefficiencies of Proof of Work. The "solution" is apparently Proof of Stake, which is to give those with more coins more say. Gee, I wonder what other system exists where those with more money decide how transactions are settled. --- https://gamefaqs.gamespot.com/boards/261-politics/78252375/931554955 https://imgur.com/a/FU9H8 - https://imgur.com/ZkQRDsR - https://imgur.com/2x2gtgP <cite>1337toothbrush posted [p:953504791] in Bill Maher... [t:79437757]...</cite> <quote>VigorouslySwish posted... </cite> <quote>notice how NONE of the critics are discussing crypto's amazing function of not having the govt involved in your money? I wonder why that could be hmmmm.......</quote>Because it's not an amazing function. Libertarians like to think so, but they don't understand that de facto governments tend to form in open systems. Take the supposed solution to the inefficiencies of Proof of Work. The "solution" is apparently Proof of Stake, which is to give those with more coins more say. Gee, I wonder what other system exists where those with more money decide how transactions are settled. --- https://gamefaqs.gamespot.com/boards/261-politics/78252375/931554955 https://imgur.com/a/FU9H8 - https://imgur.com/ZkQRDsR - https://imgur.com/2x2gtgP</quote> ... Copied to Clipboard!
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