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> Bitcoin provides substantial utility and value to society Do you have any proof of this dubious statement?

• lozaning 8y ago
  I've been reading through True Names and the various essays that proceed it in it's most recently published edition and I see crypto currencies as the fulfilment of many of the ideas talked about there. Particularly uncensored anonymous value transfers between parties. The idea that you can send "money" to anyone regardless of who you or they are does provide some value. Unlike any other financial transaction system that proceeded it that I'm aware of, you can't be deplatformed from crypto. How valuable you find this likely coincides with the value you place in the ideas of crypto (the original definition) anarchy.
  • rootlocus 8y ago
    > I see crypto currencies as the fulfilment of many of the ideas talked about there. As it stands, crypto currencies are a promise, not a fulfillment. They will become a fulfillment after they actually solve those problems. But it's a long way from theory to practice, even after all the technology is deployed.
  • belltaco 8y ago
    Here's a well reasoned essay by Bruce Schneiner about why cryptocurrencies are useless. https://www.schneier.com/blog/archives/2019/02/blockchain_and_.html https://www.schneier.com/blog/archives/2019/02/blockchain_an...