Quote:
Originally Posted by GH85Carrera
I saw the other day that little company from Arkansas, Wal Mart is starting their own new crypto currency. The 900 pound gorilla always makes things interesting in any business it goes into.
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unless they are willing to fork up the electricity and computing power to bother with the exchange processing... It won't be worth a damn.
Governements all over are getting ready to ban mining like the chinese have already done because it destroys any and all hopes of reducing CO2 output if the miners burn off all the eco friendly and nuke energy with endless mining ops (which is what makes the crypto exchanges work).
It won't last
it's unregulated
it's used by criminals to transfer illicit money for payment of illicit goods.
and other then that, it's hot air , it doesn't produce anything other then hot air, litterally the mining converts energy into hot air as the cpu's need to be cooled
Clearly none of it is at all ethically, morally, ecologically or economically sound.
And the gubmints will kill it off sooner rather then later.
None of it is compatible with what gubmints are trying to do (like energy and emissions and crime reduction)