Quote from: astor on April 23, 2014, 12:18:20 PM

Add bitcoin to the list.

It doesn't solve distributed consensus.

The equilibrium between energy use in mining and market cap means it cannot scale. The only way the market cap can grow significantly is by having centralized miners that have access to private energy efficient mining technology, which makes the "distributed" part meaningless.

All in all, it's a total scam.

Right, I mean last fall you could sell these electronic blips and bleeps for like $1000 each.

Now tell me that's not a scam too. Cool

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