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by eloisius 4459 days ago
> people aren't going to be able to understand the reasoning that this is the cost of decentralization

As compared to entire blocks of office high-rises in every major city required for our current financial system?

2 comments

Well, commercial organizations that own office space are already forming and expanding around BitCoin - so the cost of keeping those businesses physically open would be in addition to the cost of keeping the BitCoin network up and running. It's not like we're getting rid of the need for buildings.
Or people carving up the crust of the Earth looking for a shiny rock in yesteryears.

Though it is worth mentioning there are cryptocurrencies looking to solve this problem, like peercoin's proof of stake.