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by q-big
1674 days ago
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> The worst part is that there is already another word for cryptocurrency. Blockchain. There do exist cryptocurrencies that are not based on a blockchain. For example, Iota is based on a tangle, which the creators of Iota claim is better suited for their intended IoT applications than a blockchain. Or more centralized cryptocurrencies, for example eCash, which was invented 1983 by David Chaum: > https://en.wikipedia.org/wiki/Ecash |
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Banking would be better if it worked like eCash, but it would still not be a problem to not have a single word that encompasses both this and Bitcoin, since they are actually two different things.