3 ms·

For bitcoin to succeed it doesn't have to be used by banks. Banks already have a system set up that relies on trust and enforcement of contracts. I'd say that

For bitcoin to succeed it doesn't have to be used by banks. Banks already have a system set up that relies on trust and enforcement of contracts. I'd say that bitcoin has already succeeded, just not for the use cases that the author cares about.

pron 9y ago
> I'd say that bitcoin has already succeeded, just not for the use cases that the author cares about. It's not a matter of caring. He points out that whatever uses blockchain has (or hasn't) proven successful for, don't amount to a significant economic (or social) contribution. He's talking about objective quantity, not subjective quality.