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I think it's an organic reaction that makes a lot of sense. A distributed deflationary currency not run by any central authority is a dangerous concept. Another
by headgasket 9y ago
I think it's an organic reaction that makes a lot of sense. A distributed deflationary currency not run by any central authority is a dangerous concept. Another volatile store of value that might not be very liquid is a lot less dangerous. (Imagine cashing a 10th of the float, say) The forces of the status quo(or is it the invisible hand?) has responded to the threat, for now, by blowing this up to the stratosphere and making it impractical as a currency; it's even a better move than making it illegal. There will be more chapters to this, especially smart contracts. Interesting developments.