[1/*] Just to clarify, in the hopes of getting less lunacy in my mentions: I am a professional programmer. I have implemented novel hash functions before. I work on server code. I long ago read and completely understand the original BitCoin paper.
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So the key aspect is to demonstrate that when fully adopted (ie., a significant portion of the world now uses cryptocurrency X), it actually provides some technological benefit _in practice_ not provided by our current currency regime.
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I personally believe this is _much harder to demonstrate_ than most people in crypto seem to think. But I am more than willing to be convinced.
End of conversation
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