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Certainly some thought/think that, but I don't think it was every correct to do so. What it does, is it makes the politics around money more explicit. You mig
by Obi_Juan_Kenobi 9y ago
Certainly some thought/think that, but I don't think it was every correct to do so. What it does, is it makes the politics around money more explicit.
You might use a crypto with a fixed monetary supply, with fungible tokens, with permanent fixed inflation, etc. etc. The difference is that there's a choice and a market for these tokens.
There's also the notion that nation states wield a great deal of power through currencies, and that removing this power from nations may be desirable.
Anyone who thought that Bitcoin wouldn't be political, however, was badly missing the mark. All one has to do is see the intense ideological motivations for holding Bitcoin that many have.
For many, the consensus-generating nature of the network is the real interesting part about it.