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Kimberly MacEachern's avatar

What happens if the lights go out? Bitcoin requires a huge amount of energy. I see that as an unrealized environmental impact that cannot be accounted for in the value of the coin, much like air quality has no inherent monetary value. The net result is an incomplete picture of risk/value. And once the environmental costs of providing the computational lifeblood exceed the value of the objects the system crashes, right?

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Jim Davidson's avatar

An interesting project on reputation systems is at New founding.com

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