[earnesti]

> This of course cannot be done with normal cash.

Normal cash is just printed out from thin air by those who have the power. In that sense (some) cryptocurrencies are better because at least the process is open.

[AureliusMA]

Fiat money is proof of stake, except the failure mode is economic collapse or military collapse.

[victorbjorklund]

Is it not printed out of thin air by those that have compute power ?

[AureliusMA]

Running computer power costs a lot more than thin air.