On 2023/05/16 1:23 pm, David wrote:
Most or all privately created currencies have _no_ underlying asset base AFAIK, and that's essentially the cause of the wild
swings in value shown by Bitcoin over recent years.
Various currencies and value stores have in the past fluctuated wildly. For instance, The Weimar republic Mark between the world
wars, the Zimbabwe dollar, the Dutch tulip, the South Sea Company shares. Even gold goes up and down. The primary cause of
cryptocurrency fluctuating in value is the small size of the asset base compared to transfers going in and out.
I see the Atom project favours Etherium. It also uses blockchain technology, which I think still has scaling problems, but
Etherium is at least open-source.
The main benefit of etherium is, it is moving away from the disastrously energy profligate proof of work to proof of stake. It's
unclear why a government or company owned organisation would ever want to use a blockchain.
--
Kim Holburn
IT Network & Security Consultant
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mailto:[email protected] aim://kimholburn
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