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The algorithm must factor in human nature or it isn't a very worthwhile algorithm.
I'm all for a currency that cannot be manipulated by the government by inflation, and distributed ledger, and blockchain... but current implementations don't lend themselves towards being a good currency. Specifically, crypto is not a good store of value (stable price) and it's not a good medium of exchange (10min to authenticate a transaction). It's also extremely energy costly, and those are real costs.
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