xkarga00

Too many game theoretic attacks with stablecoins - still unproven.

> Community funded. Pure mine. Rust, inflationary economics, cuckoo cycles. No governance, but that is debatable. Small team making decisions. What is that?

Somebody has to do the work to bootstrap and develop the network. Whom do you expect to govern the project? Governance meetings are public, bi-weekly, in the Gitter Lobby chat, you are free to join.

Also since I am into nitpicking, economics are inflationary for the first couple of decades gradually switching to deflationary (1 grin per second forever).

You obviously have never been to a Greek hospital.

What about the waste generated by the banking system? Banks have to use electricity in order to operate, right? I haven't seen anybody complain about them as if they are eco-friendly or something. Or is it that since we are depending on our banks, they can do whatever they like but bitcoin being a ponzi scheme (or that's what I read on reddit) is an easy target to comment about on the Internets? As if Chinese miners have hooked their ASICs in your neighborhood's power supply. It is fascinating how people turn eco-friendly just to bash something but are part of a totally anti-ecological society.

Even the code is not enough, is it? Once you have it, how do you know that's what they deploy?

Do you really believe that Facebook (US company) has not complied with the US goverment and WhatsApp is safe for private communication?

> Remember Usenet? Remember email? Remember IRC? I think there's a false dichotomy in the mind of many nowadays, mainly that the internet is either centralized or "blockchain based", whatever that means. It's a lie. The internet is fundamentally decentralized, the centralization is a relatively new phenomenon that started in the early '00s.

The internet started in the early 90s so you are talking approximately about two thirds of its lifespan hence "new" doesn't really apply.

> Finally, it is a money system mainly used by organized criminals to launder money.

Citation needed.