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He's completely wrong. In his experience people talk about their value not in bitcoins but in dollars, that's because he's talking with speculators who are not
by disordinary 9y ago
He's completely wrong. In his experience people talk about their value not in bitcoins but in dollars, that's because he's talking with speculators who are not interested in what decentralised and distributed ledgers mean. People who think that we're in a revolution of not just currency but also government talk about the value of their crypto in terms of bitcoins and not dollars.
Bitcoin is still young and the technology is immature. What we see today is not what we're going to end up with. But, at one point the idea of separating church and state would have seemed insane, now in a big chunk of the world having any religion associated with government would be unthinkable. Likewise in the future we could look back at the dark ages where centralised authorities managed currency and manipulated it for the benefit of the few.
The thing about revolutions is that people often don't see them coming.
- deleted 9y ago[deleted]