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> It's like if we created Artificial General Intelligence and it decided to just write movie reviews forever. Bitcoin never had that potential. Regardless of i
by vacri 11y ago
> It's like if we created Artificial General Intelligence and it decided to just write movie reviews forever.
Bitcoin never had that potential. Regardless of it's theoretical capabilities, the general public would not have been able to use it effectively. It requires a computer, knowledge of digital security, the idea of 'backing up' your money and keeping that safe, and all-in-all, a new approach to handling money altogether (which also requires electronics on the user's part).
The average member of the public could handle all this, sure, but half of people are below average. Bitcoin is also more difficult to understand than cash; there's a lot more mental overhead. Alternatively you can let a financial institution handle your bitcoin for you, but then there's no real difference between btc and dollars - at this point, they're just numbers on a ledger.