this post was submitted on 07 Nov 2024
95 points (97.0% liked)
Technology
59589 readers
3077 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
By this reasoning, so is Monopoly money.
I should have clarified: the revolutionary part is that through the possession of data (private keys), users are able to lay claim to their units of cryptocurrency.
Monopoly money is issued by Hasbro (private institution), can be fairly easily counterfeited, has little to no acceptance outside the context of a board game, and there's no upper limit to how much can be printed. On top of all that: there's no cryptographic way to prove the validity of Monopoly money and it can't be transferred across the planet as easily as sending an email.