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Is there a way to make a currency like Bitcoin credible as a store of value or means of payment, without impinging on the privacy of the currency creators or holders? (lemmy.ml)

submitted 3 years ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 3 years ago

I am not aware of any crypto consensus algorithm that is not regressive. This is an argument against all cryptocurrencies and blockchains, not just Proof of Stake.

What has proven far more equitable than any decentralized consensus algorithm is a fiat currency issued and controlled by an institution accountable to a democratic constituency.