On: GPU mining no longer profitable after Ethereum merge

[dsr_]

"fiat crypto", or if you prefer, digital currency, will neither be proof-of-work nor proof-of-stake. Neither mechanism is needed when there is a single trusted authority.

[codehalo → dsr_]

A "single authority", not a "single trusted authority".

[dsr_ → codehalo]

"trusted" doesn't mean you want to, but that you have to.

[lovich → hitpointdrew]

Relative to random individuals it seems like a democratic form of government at least, has several advantages

Did society fall apart when current fiat currency with the government as the central trusted authority was adopted?