Hacker News new | ask | show | jobs
by pmlnr 3110 days ago
Gold has real life use even in electrical circuits, besides being pretty. Diamond is used in the industry as well, not just engagement rings. They are also all physical objects.

> no Emperor can replace it, no changes can be done without widespread conses.

When was the last time humans were capable of agreeing and working together for long term? The blockchain thinks it's got rid of the mad emperor problem, where in reality the BTC/BTH, ETC/ETH hard forking an existing blockchain is very similar, and introduced a whole new spectrum of problems humanity tried for centuries to solve, without success: reaching consensus.
2 comments
ColanR 3110 days ago
> mad emperor problem

As a tangent, what is that? Didn't find it on google (thought I wanted the wikipedia on caligula).

link
orthecreedence 3110 days ago
> Read about ancient Rome and what problems rose when mad emperors decided to replace money with new coins out of the blue

I think it was a reference to one of the previous comments in the chain.

link
down 3110 days ago
Gold real life use is a myth, around 10% of the demand, copper is much more valuable from this perspective.

When the US constitution was born, I don't know, democracy? BTC/BTH, ETC/ETH, crypto is even more democratic as the other side can go on their separate ways, as oposite to countries.

link
lurr 3110 days ago
> crypto is even more democratic as the other side can go on their separate ways, as oposite to countries.

countries go their separate ways. Sometimes peacefully sometimes with horrible violence.

Do you not see massive issues with that happening with currency? Some dev gets pissed one day and fractures the currency market?

link