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Gates & Buffet are right. As an "Asset Class" - which this article makes principle - cryptocurrency is absolute insanity. But having a trustless, semi-distrib
by aresant 8y ago
Gates & Buffet are right.
As an "Asset Class" - which this article makes principle - cryptocurrency is absolute insanity.
But having a trustless, semi-distributed, potentially anonymous, and global currency that we can send to anybody in the world via the internet in a few seconds - or even via an offline mesh network - is an incredible, exciting innovation.
And the sad thing is that point is of course not lost on Gates who - buried far under the lead - "touted its ability to push out third-party intermediaries, such as banks, while also keeping a secure and permanent record of transactions between two parties."
- mulmen 8y ago> But having a trustless, semi-distributed, potentially anonymous, and global currency that we can send to anybody in the world via the internet in a few seconds - or even via an offline mesh network - is an incredible, exciting innovation. The Star Trek replicator is also an incredible, exciting innovation. It is also as real as a cryptocurrency that does what you describe.