RE: RE: Crypto: Enabling Crime, or Change?
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RE: Crypto: Enabling Crime, or Change?

RE: Crypto: Enabling Crime, or Change?

@your-nomad-soul There's a discussion point there, regarding whether cryptocurrencies are in fact money. One arguable factor is that money includes a "Store of Value" factor. For traditional precious metals an ounce of silver represented something like 20 "man hours" to extract and purify it. For mining operations like Bitcoin, Litecoin, etc where mining is required (like legit ore being pulled from the ground) I agree - it costs something like $1000 in power consumption and man hours. What about other altcoins where no mining is required? Like Steem for instance. Is that actually money? I'm not sure.

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