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The Rise of Digital Currencies: What It Means for Traditional Banking (wealthari.com)

submitted 1 week ago by [email protected] to c/technology

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[–] billiam0202 6 points 1 week ago (1 children)

Do the proponents of that really think that the power in that space wouldn't be held by what essentially amounts to digital currency warlords (anyone with a lever to apply power and the matching lack of morals to do so)?

Why do you think those proponents and digital warlords are separate people?

[–] [email protected] 2 points 1 week ago

You do make a good point but most of the levers to apply power in that space seem to be essentially controlled by how much computational power/how many nodes you can afford to run to apply control and most of the proponents are not really among the rich. They might, however, be among the ones who think they would be, sort of like the often cited temporarily embarrassed billionaires.