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So essentially Bitcoin is so terrible as an actual currency / method of transferring money that we'll need to create another crypto on top of it that fixes all
by BoiledCabbage 9y ago
So essentially Bitcoin is so terrible as an actual currency / method of transferring money that we'll need to create another crypto on top of it that fixes all of the original issues of Bitcoin. All the while Bitcoin will still be using > 15% of all energy consumed in the world. Oh and we still have to trust Banks to make the underlying transactions on the Bitcoin when we use this new currency but Bitcoin is too slow to keep up with the needed transaction rate.
This is a disaster. And like most technologists, everyone enamored with the technology is completely blind or in denial of the actual societal interaction - which will be abysmam.
Bitcoin will be society's first grey goo. It's just a waiting game until people are ready to admit it.