Well that also makes my point. If no one knows about the extra gold, it wouldn't effect the price of gold until it was noticed there was more of it. It is about the belief of scarcity, not the scarcity.
I'm saying not all cryptos are as damaging. "Proof of stake" instead of "proof of work", is all about reducing the load. But part of the reason for any mining is so the system is setup to pay those running the block chain. You could just have banks all running it and no payment built in. In fact, if it is for a traditional currency, you don't want it creating money. It's just a representation of it, like paper money. For that matter coins are, the metal is worth less than the value (or the coins get melted).
Crypto doesn't have to be like that. I agree it isn't a controlled currency. That was by design, but it is why it swings so wildly. I'm unconvinced it will ever stabilize. A country/trade-block will want to have ways to control the value to stabilize it.
As for funny money, well, money is just units of value that people agree the value of. It's all just belief based. Even if it is gold backed, which I don't think any are now today. If Musk found a massive gold asteroid, the value of gold would drop as he brought it to Earth. Even if there isn't really a gold asteroid. Just mass believing there is, reduces the value of gold. Everything's value is from our believe of it's use, scarcity and what we think everyone else value for it is. It's all funny money really!
If you can do many to many, you can do 1 to 1. That's why I see them as a single thing. Both Signal and WhatsApp do group calls as well as 1 to 1.
Most people don't get the difference between Signal and WhatsApp, but I agree Signal is way way way more trustworthy and security. When I have to run WhatsApp, for work, which is rare, it is in a jail, with as little access as I can give it. Including a fake address book with only who I need for the call in. It's a closed app from a data mining company. It is filth.
You can do blockchain without mining. You can do distributed blockchain without mining, just not in the same manner. And it can be cheaper than bitcoin mining, for example proof of stake.
I think that's probably it. Their scope is limited. They are only wanting to replaced Teams, Meet and Zoom. Which their are a few open, self-hostable, alternatives already. I want a scope to cover WhatsApp and Signal, while being backwards compatible to just make regular phones calls when nothing better is available.
It will be just cash, digitally. No wild value swings or mad mining rush. Money should be boring.
Part of how you keep it like that is you control the supply. Plus with an existing currency, no need to convince anyone anything. Normies go cross eyed when you explain value is all just belief. Economists get that, but they also get the need to be able to stabilize your currency. The belief in that control is as stabilizing as the control of supply of currency.
I just want currency in digital form that is secure and open source. We know how to do that. Have for a while now. Just take a while more to do it.
SIP is what we have right now for VOIP. If you can connect to SIP, you can literally ring people over the current system. Audio only of course. Backwards compatibly is worth a lot. If they are also SIP, you should be able to do video. The providers I know are using WebRTC for a browser SIP client basically. Baresip has this as an example module, but there is commercial software that also does this. Avoid having to a local SIP client installed.
Backwards compatible laying for the win. Much easier to replace things that way.
If also need to be stable. If you want a stable currency, which you do, you need control to correct it. Which is what central banks do. All we really want from crypto is open, trustworthy, p2p transfer.
There would be the mining if the currency is the Euro. Can't have people making Euros, it would destabilize the currency. So no mining, so different model, with different processing requirements.
I'd prefer it is there was a crypto of the Euro. Then transfers can be peer to peer without any middle man, and middle man costs. With all open technology and assuming zero trust. It won't have the wild value swings because it is a real, regulated and controlled currency. Take the advantages and leave the anarchism.
Reform is a pro-Russia party with members jailed for Russian corruption. Farage is just good at it and not been caught.
Reform would give MAGA the UK. Traitors.
Reform is full of Brexit people when Brexit massively damanaged the country. Traitors.
Reform would privative the NHS screwing over all the but the rich. Traitors.
Magnet to the worse of the Tories.
Let alone the blatant racism and intolerance of any diversity. I refuse to tolerant their intolerance. It must be challenged or we'll end sinking into a hell hole like the US has (and is still descending further).
I don't accept the premise that any crypto always wastes energy. Bitcoin is maybe the most energy hungry one but others use a lot less.
Ethereum energy use dropped by 99.84% when they moved from proof of work to proof of stake.
https://digiconomist.net/ethereum-energy-consumption
A national digital currency might work different again.
If this truely works, you could get rid of cash. All that metal and paper and distribution fades out. You could end up using less energy over all.