• Electricd@lemmybefree.net
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    4 days ago

    The lack of regulation is pretty much a goal. When a government controls or regulate a currency, your liberty is attacked.

    Fraud? What are you talking about?

    How is the system inefficient though? Compared to what? I don’t believe it’s fair to compare a decentralized system to a centralized one. Lemmy is much more expensive to run per user than Reddit for example

    Fluctuations suck indeed, though they vary, it depends of the crypto

      • Electricd@lemmybefree.net
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        4 days ago

        Sadly true for PoW cryptos. Luckily, PoS exists, but it might not work with every crypto.

        More kWh = more secured chain, that’s currently how it works. At this point blocks are going to be mined anyways, so let’s fill those blocks

    • Zorque@lemmy.world
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      4 days ago

      The lack of regulation is pretty much a goal. When a government controls or regulate a currency, your liberty is attacked.

      If your argument hinges on avoiding regulation, then it’s guaranteed to fail. Having oversight is not a bad thing.

      The idea of positive self-regulation, especially of a currency in a capitalist system, is pure fantasy.