4 ms·
I don't see how there is ever going to be wide adoption of a currency that is currently held in its entirety by something like 0.2% of the population, and claim
by semiotagonal 7y ago
I don't see how there is ever going to be wide adoption of a currency that is currently held in its entirety by something like 0.2% of the population, and claims to be impossible to expropriate.
When people see that kind of concentration of wealth, expropriation is a plus. Expropriation is how it gets redistributed. Nobody is going to want to make a bunch of early-adopting HODLers rich without knowing how to take most of their money as part of the bargain.
- ur-whale 7y agoI have never heard the lament of the no-coiner[1][2] put together so eloquently. You should have someone write music to these lyrics, you'd make a killing. [1] https://www.urbandictionary.com/define.php?term=nocoiner https://www.urbandictionary.com/define.php?term=nocoiner [2] https://www.coindesk.com/the-problem-with-nocoiners https://www.coindesk.com/the-problem-with-nocoiners
- semiotagonal 7y agoMy point still stands. If there's one thing people want to avoid empowering more than banks and governments, it's bitcoin wingnuts.
- spurdoman77 7y agoEven if thats true, crypto could still be huge. It is still peanuts compared to mainstream finance.