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> like with most political problems, it's a political solution I don't know anything about Bitcoin but the promise seemed to be to invent a technical form of m
by bambax 11y ago
> like with most political problems, it's a political solution
I don't know anything about Bitcoin but the promise seemed to be to invent a technical form of money, with limited supply, that would be free of politics and interference from governments.
To quote the beginning of the article:
> What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people.
- pjc50 11y agoYou cannot have a human system that is free of politics. This is one of the great techie fantasies, that messy human need can be eliminated from the system, where in fact it's at the root of why people do things. Bitcoin became valuable enough to attract people with a lot of real money on the wrong side of the Chinese capital controls, who've taken it over as their major use case.