[smc-discuss] i5 CPU വില് ഇപ്പൊഴും മൈന്‍ ചെയ്യാവുന്നതും ഭാവിയില്‍ വളര്‍ച്ച പ്രാപിക്കന്‍ സാധ്യതയുള്ളതുമായ ക്രിപ്റ്റോ കറന്‍സി ഏതാണുല്ലതെന്ന് പറയാമോ

[fennecfox at openmailbox.org]

Thanks.. that was very informative. I found a crypto currency called, 'MONERO', is minable in PC with a mining pool.





> On Sun, Jan 14 2018, Nandakumar Edamana wrote:
> 
> 
> [...]
> 
>>> Because they're not useful as currencies.
>> I believe that the point of cryptocurrencies is anonymity. Since it
>> isn't possible to convert crypto money to regular currency anonymously
>> (and it shouldn't be), is there any point in considering them an
>> investment option? I don't think so.
> 
> [...]
> 
> I've been following this a little closely and also been educating myself
> on the tech. underneath these things so as to do a couple of public
> workshops on it. Here's my opinion.
> 
> The main advantages of P2P currencies is their resilience. If there are
> people who are willing to accept them as currency, it's next to
> impossible to "shut them down". You can demonetise bitcoin or hamper it
> in any way short of a nation wide internet blockade. In this sense, it
> has properties similar to the internet itself. This also makes them
> resistant to damage if a pieces of the infrastructure fail unlike the
> situation with centralised networks like VISA. 
> 
> Anonymity is not really a guarantee. With bitcoin, the fact that address
> xyz has so much currency in it is public (on the blockchai). You can get
> it online
> e.g. https://blockchain.info/address/1GGnU6tbdsiEwEyoArV9MrhmtikcgsuGhx.
> What's not available is whether the private key for this address is with
> Alice or Bob. So, it's pseudonymous. If I find that out, the cover is
> blown. There are some currencies like Zcash which hide even this. I'm
> not so sure of whether this is a good idea though. In a modern society,
> some amount of insight is necessary for things like taxation and
> projects like Gnu Taler (which is not blockchain based) allow people to
> transact with digital coins that have more or less the same properties
> as paper money.
> 
> As for investment value, I think it's a bubble. There's a lot of hype
> around how the value will increase and people will make a lot of money
> etc. That's becoming a self fulfilling prophecy and people are getting
> drawn into this. That, to my laymans mind, sounds like a sign of a
> bubble but I don't know. 
> 
> The lack of anonymity when changing cryptocurrency to a fiat currency
> does not disqualify it as a investment. If I buy B$ for 100Rs and then
> sell it when it's valued at 1000Rs, I make 900Rs profit. I pay taxes on
> that (say 30%) and then get 600 Rs as profit which is a neat deal. It's
> still a decent investment.
> 
> Finally, to the topic of whether there is a currency you can mine with
> an i5 CPU, I don't know. :)
> 
> 
> -- 
> Cordially,
> Noufal
> http://nibrahim.net.in
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