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I don't disagree, but... when Bitcoin came out I ignored it because of the long history of digital cash schemes that had failed. I assumed the same forces would
by abecedarius 7y ago
I don't disagree, but... when Bitcoin came out I ignored it because of the long history of digital cash schemes that had failed. I assumed the same forces would give it the same fate.
If decentralized money can finally find some traction, maybe so can other kinds of networks. Maybe the financial incentives are a part of the context that could change.
- TeMPOraL 7y agoCryptocurrencies are special in that, almost from their very inception, they could be used to make money. There are at least four ways one can make money with them: those with access to cheap electricity and enough starting capital can literally print money out of thin air; they form unregulated exchanges to gamble on; they're very useful for scamming people; they're also useful for laundering money and buying illicit goods. These four things give cryptocurrencies a lot of interest and participants.