4 ms·
Wasn't the whole point to be different than the classical banking system? If it's just going to copy it, what's the point?
by ohashi 6y ago
Wasn't the whole point to be different than the classical banking system? If it's just going to copy it, what's the point?
- acdha 6y agoThe whole point was to convince other people to buy in to a system which guarantees early participants will be subsidized by later ones. The spiel about banking sold well to libertarians and other people who’d given up on regulating banks but you shouldn’t trust the surface message any more than you’d trust a beer commercial saying the point of their product is making attractive people want to have sex with you.
- srtjstjsj 6y agoThe whole point is freedom to choose if you want to use coinbase or be your own bank.