pull down to refresh
Can a pleb run a node at home on an old thinkpad with a newish SSD? Can a pleb mine with a bitaxe, with a few SATs a day as a reward?
Is the blockchain hard to censor? Is it extremely difficult/virtually impossible to confiscate the UTXOs remotely cryptographically?
And finally is the monetary policy very hard to change and hard to influence by a centralized group?
Because something like tether meets none of these criteria. Like none of them
Is a bank blockchain going to provide censorship resistance and literal mining, inviting the return of commodity-money? They don't want that now... So why would they want that through a 'blockchain'?
To me their comments make no sense
reply
This is exactly how I think about it. I don't understand how a blockchain could allow them to gain anything here. if they don't fully trust each other, couldn't they just run some sort of append-only database?
I wonder if there is a situation where they are actually too lazy to figure out how to coordinate and so they are willing to take on all the redundancy of a blockchain because it's easier in some way? But I can't see that working. so then I come back to this is all marketing.