Quote:
Originally Posted by Jibartik
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It's tough to say who's right
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Wrong. It's very easy to see who is right. Traditional banking can be conducted and was conducted for hundreds of years without any electricity or computer hardware. Traditional banking can perform transactions without having to decode/re-encode all past transactions. There is not waste built into the system as a matter of course.
All for the sake of being "free" from traditional forms of money and control. Nevermind that the e-coins are all completely dependent on electricity, computer hardware manufacturers, and the internet infrastructure.