Crypto is a bright idea that is more flashy than bright. There are those who are invested in it and talk it up, like a Ponzi scheme. It all looks fabulous if you don't examine the background economics of "mining" and the immense power growth required to keep the scheme bankrolled.
A "far superior" system that can do down the drain? And is doomed by the inexorable geometric demand for power to sustain the mining? That sounds like fantasy land. As we used to say in systems engineering: "It works...until it doesn't." All of systems engineering is centered on preventing "it doesn't."
Crypto is a bright idea that is more flashy than bright. There are those who are invested in it and talk it up, like a Ponzi scheme. It all looks fabulous if you don't examine the background economics of "mining" and the immense power growth required to keep the scheme bankrolled.
Stock shares are close to that.
Sure, but crypto is a far superior system to the DTCC.
A "far superior" system that can do down the drain? And is doomed by the inexorable geometric demand for power to sustain the mining? That sounds like fantasy land. As we used to say in systems engineering: "It works...until it doesn't." All of systems engineering is centered on preventing "it doesn't."