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bluesteel44 on June 3, 2017 | parent | context | favorite | on: Crypto Tokens: A Breakthrough in Open Network Desi...

Banks can position themselves to benefit from a depreciation of any given currency, miners are tied to the success of the one they've chosen.

SomeStupidPoint on June 3, 2017 [–]

Can a miner not distribute their effort and holdings?

Obi_Juan_Kenobi on June 4, 2017 | [–]

Miner hardware is tied to the specific proof-of-work algorithm used in the cryptocurrency they mine. They make extensive capital investments that are, at least in the case of Bitcoin, useless for any other purpose.

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