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Great points and I fully agree. The difference with cryptocurrencies, and the part I find particularly exciting, is this time the structure is independent of n
by mythrwy 9y ago
Great points and I fully agree.
The difference with cryptocurrencies, and the part I find particularly exciting, is this time the structure is independent of nation states. Conceptually this is a big leap forward. I do agree with "meet the new boss, same as the old boss", that is likely the scenario. But even incremental improvements in objective rule of law have improved the human condition, and if cryptocurrencies can improve this in the financial realm that is a good thing.
Also not to imply that the whole space isn't rife with scams and foolish ideas at the moment, nor to imply nation states aren't going to plant a boot firmly on the head of the entire program as that well could happen. Because at the end of the day it sits on a platform that is ultimately controlled by nation states.