When historians go back to study the early 21st century, the digital proof of work concept will mystify them as much as wampum and tulip mania mystify us now.
One small step forward for banking in this case is a huge step forward on the path to hyperinflation.
This anti-union claptrap is just water carrying for the financial class, who believe all the money should end up in Wall Street.
What do Amway and Online Poker and Bitcoin have in common?
Instead of a virtuous self-correcting system, which generates more goods and services, the parasitical classes grow and prosper.
As California burns, scapegoats for the coming decay in infrastructure post-fire are actively sought. California public service retirees have drawn the short stick.