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Why crypto's big 'merge' is causing big headaches

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By Joseph BOYLE

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You don't need to 'mine' a decentralised digital currency. Simply exchange real currency for it, underwriting it and tying it to a real world currency. Avoid sterling and you will be fine.

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You don't need to 'mine' a decentralised digital currency. Simply exchange real currency for it, underwriting it and tying it to a real world currency.

If it's tied to a "real" currency, then it's no longer decentralized - which is the whole point.

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And why is it bad to use electricity for 'mining' crypto coins when electricity is widely wasted on so many useless ways?

As for tying a cryptocoin to a real currency (fiat), then a 'stable' coin is created. Up to now we have enough 'stable' coins. Do we need more?

As for the number of cryptocoins more than 21,000 different ones had been created by the middle of 2022 and the number is daily increasing . I am curious to see what will happen with them within three to five years from now.

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