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"Detrimental to society" isn't very defensible, he should have gone with "dysfunctional, practically useless technology" instead: * "Anonymous" transactions wh
by drchopchop 7y ago
"Detrimental to society" isn't very defensible, he should have gone with "dysfunctional, practically useless technology" instead:
* "Anonymous" transactions which are actually on a public, immutable ledger
* Power structure moved away from banks/Fed, and instead to various Chinese mining cartels, shady exchange owners, and early adopters
* Incredible power/resource usage, given the functionality
* Complete lack of fraud protection, insurance, and basic consumer/legal controls (which adopters will claim is a feature)
* Wild, constant price swings based on speculation/gambling/front-running/malfeasance
* Various forks and community squabbling, even 10 years after release
- louwrentius 7y agoI think that's a valid criticism, you won't hear me complain.